The Soderquist Family Foundation has sold its sprawling executive and leadership training retreat on Beaver Lake east of Rogers for $3.5 million.
Mott Properties LLC, led by Randy Mott, is the new owner of the wooded 95-acre property known as Greystone Estate at 17063-17069 E. Highway 12.
Mott, a University of Arkansas graduate, is chief information officer for General Motors. He held similar roles before that with Dell Inc. and Wal-Mart Stores Inc.
The property had been owned since 2002 by the late Don Soderquist, the former Wal-Mart Stores executive who retired as senior vice chairman in 2002. He died July 21, 2016.
The leadership development organization he founded, Soderquist Leadership of Siloam Springs, had operated and maintained the property as a corporate retreat, hosting a variety of events and executive development programs.
Greystone was built in 1970 by Volkswagen dealer Willard Robertson of Rogers. It was designed by Perry Butcher and Associates and includes a 12,800-square-foot main residence with conference rooms and meeting space. The property also includes a tennis court and ropes course.
It’s not known what changes, if any, Mott has in mind for the property. Mott Properties LLC is registered to Rogers attorney Christopher T. Rogers, who did not respond to Talk Business & Politics-Northwest Arkansas Business Journal for comment.