New Apparel Address?
by February 5, 2012 10:43 am 119 views
Rescue Heroes LLC apparently has turned in a heroic land flip — at least for its investors. Let us explain.
Back in the summer of 2006, Rescue Heroes — which is a partnership between Chris Crossland of Crossland Construction and John Lawrence of Lawrence Development Group — paid $210,000 for roughly 10 acres of undeveloped land in the Bentonville Industrial Park South addition of Bentonville on Southeast S Street.
The property sits due west of the 40,000-SF building that houses the Sam’s Club home offices.
Now fast-forward to November 2011, when the two men sold the land for what can be termed a nice profit.
Wal-Mart Stores Inc. took the property off Heroes’ hands for $2.1 million. And that jibes perfectly with a comment we heard while driving past the spot one recent evening.
“There’s the land John Lawrence sold to Walmart,” our friend casually remarked, “where the new building for their apparel division will be built.”
Um, what?
Whispers readers may remember reading last September about a large-scale development that was proposed by Crossland and Lawrence, a two-story, 222,000-SF warehouse and office facility — referred to as the Beau Chene office building — at 2400 S.E. S. St.