Commerce Commences Home With $6.1 Million Permit

The city of Bentonville recently issued a building permit valued at $6.1 million to Commerce Construction Co. in Springdale.

The permit is for the construction of a 43,000-SF inpatient health-care facility at 1201 N.E. Legacy Parkway off John Deshields Boulevard.

Circle of Life Hospice Home, the first freestanding inpatient hospice home in Benton County, will have 24 beds. It will be part of the Legacy Village retirement community in the northeast part of the city and be complete by March 2013.

Subcontractors include Professional Concrete Specialists in Rogers, Tune Concrete Co. in West Siloam Springs and Modern Fence & Supply Co. in Springdale.

 

Ashley Acquisition

A renovated retail building in the Pleasant Crossing area of Rogers changed ownership recently.

Andrew Covington, through his Covington Realty LP, paid Brentwood Arkansas Investors LLC  $2.5 million for Ashley Furniture Homestore at 4323 Pleasant Crossing Drive.

The deal was funded with a 15-year, $2.38 million loan from BancorpSouth Bank in Tupelo, Miss.

Covington owns the Ashley chain.

Brentwood paid Hawskins Co. of Boise, Idaho, $7.31 million for the development in September 2007.

Hawskins Co. purchased the 4.46 acres the building sits on through its GRH Kaysville LLC in August 2005 for $6.4 million.

In November of that year, Eckman & Mitchell Construction-California Inc., general contractors for the project, purchased a $3 million building permit.

Sportsman’s Warehouse was the previous tenant. The 49,670-SF building had been vacant since March 2009, when the company liquidated 23 of its locations.

 

Auto Development

Commerce Construction Co. in Springdale recently bought a building permit valued at $2.5 million.

The permit is for the construction of an automobile dealership off Interstate 540 near the Porter Road exit in Fayetteville. Adventure Subaru will be built at 2269 N. Henbest Drive next to Farm Credit Services.

Audy Lack, a partner at Miller Boskus Lack Architects in Fayetteville, is the principal architect.

Jorgensen & Associates in Fayetteville is the engineering firm. Melissa Evans of EB Landworks Inc. in Fayetteville is handling the landscape design.

Other subcontractors working on the project include Professional Concrete Specialists in Rogers, Sweetser Construction Inc. in Fayetteville, GTS Inc. in Fayetteville and King Electrical Contractors Inc. in Fayetteville.

 

Salon Purchase

A $1.06 million land transaction in the Pinnacle Hills area of Rogers could pave the way for a tanning salon development.

According to a special warranty deed, Club Tan Inc. in Joplin, Mo., led by Randall Burleson and his wife, Teresa, bought 2.49 acres at the corner of Rife Medical Lane and Promenade Boulevard.

The seller was Harrison-based First Federal Bank.

The Burlesons own Club Tan on South Rangeline Road in Joplin. They did not return a telephone message seeking comment.

Arvest Bank in Fayetteville provided the financing. First National Title Co. in Bentonville closed the sale.

The property appraised in 2011 for $1.93 million.

First Federal acquired the tract in October 2009. Pinnacle Hills Hotel Group LLC, led by Gary Combs, was the previous owner following a $2.24 million purchase in June 2008.

The seller was BLB Holdings LLC, led by Brandon Barber.

 

Health Care Buy

The land for a planned health-care development on the north side of Bentonville tipped the scales at $1 million.

BV Ventures LLC, led by Travis Ruff, bought the undeveloped property at 1112 N.W. Lowe’s Ave. from SDI North Bentonville LP of Houston, led by Charles W. Shears.

Realty Title & Closing Services LLC in Rogers was the closing agent.

Northwest Health System will occupy between 8,000 and 9,000 SF of a 14,000-SF building, which will be built on a 1.64-acre lot just north of Lowe’s Home Improvement Warehouse on U.S. Highway 71.

Milestone Construction Co. in Springdale is the general contractor.

 

Pinnacle Property

A five-bedroom, 5,800-SF home near Pinnacle Country Club in Rogers tipped the scales at $845,000.

Eugene Kublanov and his wife, Allisson Butler, bought the Shetland Lane property in Phase IV of the Pinnacle subdivision from Santiago Roces and his wife, Rocio Martin-Borregon.

The deal was funded with a 30-year, $417,000 mortgage from Arvest Mortgage Co. in Lowell and a five-year, $302,108 loan from Arvest Bank-Fayetteville.

The home was built in 2007. Camelot Construction LLC sold the property to Roces and Martin-Borregon for $817,000 in March 2010.

Total value of the half-acre property was appraised at $887,100 earlier this year.

Kathi Wingert with the Rogers office of Crye-Leike Realtors was the listing agent.

 

HighPointe Homes

Bobby Stephens, through his Four-S LLC of Fort Smith, recently purchased seven homes for $825,000.

The homes are in the 3700 block of the HighPointe subdivision in Bentonville. All of them, according to county property records, are approximately 1,400 SF.

Elite Title Co. in Springdale closed the sale.

Stephens purchased the homes from Mark Spradlin through his Highpointe LLC of Fort Smith.

HighPointe subdivision was started in 2007 and is north of State Highway 102/SW 14th Street, adjacent to Tater Black Memorial Road.

 

Avignon Abode

A two-story, 5,456-SF home in Bentonville’s Avignon subdivision sold recently for $805,000.

Robby and Lori Gehrig bought the nearly one-acre property on Northwest Provence Place from Joseph and Sheila Huston. The deal was funded with a 15-year, $605,000 mortgage from Wells Fargo Bank NA in Sioux Falls, N.D.

The five-bedroom house was built in 2010. The property appraised in 2011 for $702,550.

Carlene Clendenen with Coldwell Banker Harris McHaney & Faucette in Rogers was the listing agent.