Shopping center sale tops biggest deals in past month

by Talk Business & Politics staff ([email protected]) 567 views 

Scarco Development LLC of Jonesboro, made the most significant residential and commercial property transfer in Craighead County between May 15 and June 15, according to the Craighead County Assessor’s Office.

Scarco spent $2 million to buy a shopping center at 2929 South Caraway Road. The deal was completed June 10. Scarco’s registered agent is Ryan George.

Matthew and Jennifer Daniel, made the second most significant real estate purchase in the region during the period. They bought a house for $950,000 in Plantation Estates. The deal was completed May 29.

In the third largest real estate deal in the region, Centerline LLC. sold four acres of residential property on McClellan Drive to I &C Rentals. The deal was worth $936,000 and was completed on May 28.

The following are the other top transactions during the period in the county.

Transaction amount: $724,000
Seller: Bormann Family Living Trust
Buyer: Brent and Kristi Bracey
Sale date: June 3
Address: Ridgepointe Subdivision
Description: house

Transaction amount: $675,000
Seller: Scott and Kim Tollett
Buyer: Jennifer and Thomas Rankin
Sale date: May 29
Address: Ridgepointe Subdivision
Description: house

Transaction amount: $600,000
Seller: Thomas and Sarah Westbrook
Buyer: Belinda Wimpy
Sale date: May 24
Address: Sloan Lake Estates
Description: house

Transaction amount: $579,348
Seller: First Security Bank
Buyer: Wen Tennessee
Sale date: May 23
Address: East Johnson
Description: commercial acres

Transaction amount: $560,000
Seller: Wes and Kim Murphree
Buyer: Adam and Mallory Hurst
Sale date: June 7
Address: Melton Circle
Description: house

Transaction amount: $513,800
Seller: Truman Family Partnership LLLP
Buyer: Old Dominion Freight Line
Sale date: May 22
Address: Nestle Road
Description: cropland acres

Transaction amount: $500,000
Seller: Meadows Contractors LLC.
Buyer: Thomas and Rose Mulligan
Sale date: May 31
Address: Craighead County Road 754
Description: pasture acres