Ruskin Heights Mixed-Used Development Off and Running (Real Deals)

Ward Davis, Morgan Hooker and Dirk Van Veen, through their Ruskin Heights LLC, purchased property located at 2103 E. Mission, at the intersection of Mission Blvd. and Crossover in Fayetteville, from Mitchell Massey, through his The Heights LLC, for $4.07 million on Sept. 17.

With the acquisition from Massey, Davis, Hooker and Van Veen have purchased a total of 28 acres for $10.8 million for their Ruskin Heights development.

The multi-phase project will be a 19th century arts and crafts movement inspired pedestrian-oriented, mixed-used development that will cost more than $100 million upon completion.

Phase I of the project will include 20 single-family home lots, seven bungalow homes, 17 townhomes, 11 residential/commercial buildings, two carriage home and 28 condominiums.

Duany Plater-Zyberk & Co. designed the planned community.

Locally Global Investments, a Memphis-based real estate investment firm, collaborated with the developers.

Metropolitan National Bank financed the project. Heritage Land Title of Arkansas closed on the land transactions. Community by Design served as the civil engineers for the project and Northwest Excavation provided the excavating work.

Once completed the development will include 295 residential units and 58,500 SF of retail space.

Candlewood Building Second Location

Thompson Construction of Missouri recently purchased a $4.76 million building permit for a Candlewood Suites located at 2270 W. Sixth Street in Fayetteville.

The four-story hotel will include 78 suite-style rooms. It will be a prototype Candlewood Suites building.

The extended-stay hotel will include a Candlewood Cupboard, which offers toiletries and basic food staples for guests.

Cutting & Coring Group completed the preliminary drilling work for the site.

The expectant opening date for the hotel has been set for spring of 2008.

Tyson Office Space Taken Off the Market

ADT LLC purchased 16,000 SF of Fayetteville office space from Jerry and Kay Brewer for $1.55 million on September 14.

The Brewers built the building, which is located on Millsap Road in the CMN Business Park, in 1995 as office space for Staffmark, which was founded by Jerry Brewer.

Tyson Foods Inc. has used the building for office space in recent years.

Patrick Murphy and Ramsay Ball with Colliers Dickson Flake Partners Inc. represented the Brewers in the transaction.

Hutchens Buys Springdale Land

Hutchens Construction of Cassville, Mo., paid JBT Properties, which is registered to Thomas Vaughan Jr. of Little Rock, more than $1.3 million for 4.72 acres of property located at 5720 N. Oak Street in Springdale.

The company, which has a total of six offices in Missouri and an office and shop in Springdale, was previously leasing the land that was purchased.

A 924-SF office is located on the property. No changes to the business are taking place as a result of the purchase.

Packaging Specialties Lands Storage Space

Fayetteville-based Packaging Specialties purchased 40,000-SF of warehouse space from Superior Industries International Arkansas Inc. on Sept. 20 for $1.3 million.

The warehouse, which is located in the Fayetteville industrial park at 1501 S. Armstrong Ave., was constructed in 1994 and includes two loading docks.

Packaging Specialties is owned by Robert Ferrell and was listed as the largest packaging company in the Northwest Arkansas region by the Northwest Arkansas Business Journal.

The company specializes in plastic packaging and employs around 130 people.

Wheatleys Purchase Johnson Property

George and Kathy Wheatley recently purchased a $1.25 million home in Johnson’s Clear Creek Development.

The home sits on Blessings Golf Course and was previously owned by Michael Britt through Dunder Mifflin LLC.

The Wheatleys recently sold a home in west Little Rock’s Chenal Valley for $2.1 million.

Fast Lane Takes Off

Chris and Katie Moore, registered agents for KMF Entertainment LLC, recently purchased 5.8 acres of land in Lowell from C.R. Reaves Family LP for $1.07 million.

The land is to be used as the site for Fast Lane Entertainment.

The project, which is financed by Arvest Bank, is expected to cost $7 million to $8.5 million upon completion.

The 45,000-SF bowling and family entertainment center will include 22 lanes of traditional bowling, 10 lanes of “boutique” bowling, bumper cars, a 3,000 SF laser tag arena, 5,000 SF of arcade games, three party rooms, one corporate room and a mini-restaurant.

Timber Lake Construction will serve as the general contractor for the project. Shane Labeth of Cornerstone Architecture prepared the architectural plans and Crafton Tull Sparks & Associates served as the civil engineers.

Fast Lane Entertainment is being developed by the Moores through their Fast Lane Entertainment LLC.

Partners Purchase Bentonville Office

The partners/owners of the First National Title Co. recently became the owners of the First National Title Co. office in Bentonville.

James Pender, registered agent of the Charlie’s Angels LLC and founder of the Little Rock-based First National Title Co., purchased the 5,632-SF building and the acre of land it is located on for $850,000 on September 4.

John Taylor, through his Airport Road LLC, was the previous owner of the property.

Anderson Heating Relocates to Lowell

Bud Anderson Heating & Cooling recently paid Pat and Sharon McKinney and Charles and Sandra Blevins $735,000 for existing commercial property located at 524 S. Lincoln in Lowell’s south commercial park.

The facility, which was formerly occupied by Razorback Siding and Supply, is made up of a 1,760-SF office, an 8,240-SF warehouse and a second, 4,440-SF warehouse.

The buildings sit on 1 acre of land.

Bud Anderson Heating & Cooling will relocate its office and operations to the new Lowell facility from its existing office located at 1100 Shaver St. in Springdale.

Physicians Find New Office Space

Springdale law office of Harrington Miller Neihouse & Krug registered agents of Quadrant II Enterprises, recently sold the 2,950-SF building located at 2045 S. 54th Street in the Village on the Creek subdivision in Rogers to Michael Lax, registered agent for ABH Associates of Little Rock, for $525,000.

Dr. Kenneth Ubben had previously leased the property for his dermatology practice. He recently relocated his practice to the Cunningham Corner Center in Bella Vista.

Dr. James Wharton, Dr. Bruce Rye and Dr. Chris Conner will now use the facility for their practices.

The brick building, which was constructed in 2001, sits on 0.87 acres.

Fourth Chick-Fil-A Set For Fayetteville

Dimension Construction of Memphis, Tenn., purchased a $500,000 building permit from the city of Fayetteville for a new Chick-Fil-A restaurant located on the corner of Sixth Street and Razorback Road in Fayetteville.

The 3,921-SF restaurant will be a stand-alone Chick-Fil-A prototype building that will include a drive-thru.

Northwest Electrical has been named the electrical sub-contractor for the job. Ed’s Plumbing has been named the plumbing sub-contractor for the job and RFC will complete the mechanical sub-contracting work.

Chick-Fil-A Inc. purchased the land for the restaurant for $1.33 million from Rusty Pack, registered agent for R.T. Pack LLC, in June.

The restaurant is expected to open in December.