Real Deals: Crossland leading Fayetteville Public Library expansion

by Paul Gatling (pgatling@nwabj.com) 574 views 

The city of Fayetteville recently issued a building permit valued at $33.88 million.

Crossland Construction Co. in Rogers is using the permit for an expansion of the Fayetteville Public Library at 401 W. Mountain St. The expansion will add 82,500 square feet of space. There are also plans for a 700-seat multipurpose center and an outdoor courtyard.

Crossland Construction is the general contractor, and Minnesota-based MSR Design is handling the design work for the expansion.

Other contractors working on the project include Tatum-Smith Engineers Inc. of Rogers, Ecological Design Group in Rogers, Oelke Construction in Lowell and San Francisco-based engineering firm Mazzetti Inc.

The project is expected to be completed by late 2020.

SCHOOL WORK
The city of Rogers recently issued a building permit valued at $5.5 million.

Milestone Construction of Springdale is using the permit for a large-scale improvement project at Westside Elementary School.

The entire school will be remodeled to include new millwork, paint, ceilings, doors, floors and improvements to meet accessibility requirements, according to the district’s website.

Aesthetic upgrades will be made to the exterior. The roof and HVAC systems will be replaced and new sprinklers and fire alarm systems will be installed.

Milestone is the general contractor. Subcontractors working on the project include Walker Masonry & Sons of Prairie Grove, Roberts-McNutt in Springdale, Ace Glass in Lowell, Smith Tile Co. in Springdale, Northwest Fire Protection Inc. of Fort Smith, Hardgrave Inc. in Fort Smith, STI Metal Fab in Springdale and T&T Green in Fayetteville.

BUSINESS PARK
A 3-acre office/retail center off Arkansas Highway 102 in Bentonville recently sold for $3.9 million.

Noroeste I LLC, managed by Tom Rystrom, bought the Highway 102 Business Park at 1402 S.W. Susana St. SRRE Investments, led by Cash East and Jordan Jeter, was the seller.

BancorpSouth Bank provided financing with a 20-year loan worth $2.73 million.

Rystrom and Steve Lane with Colliers International in Rogers and Jeter, who works for Flake & Kelley Commercial in Springdale, brokered the deal. Colliers International will manage and lease the property.

The development includes two buildings, each with 20,394 square feet of space. Combined, the two buildings are 86% occupied with tenants that include Royal Oak Enterprises LLC and Stout Stuff LLC. The purchase price equals $95.61 per square foot.

SRRE paid $3.22 million for the property in May 2017. SS Properties LLC, whose members include Norm Banwarth and Kent Webb, was the seller.

FURNITURE FIND
A vacant commercial building near Interstate 49 in Bentonville recently sold for $1.99 million.

Corner 49 LLC, whose members include Scott Senyard, Johnny Fisher and Darrell Robinson, bought the 23,200-square-foot building at 2901 S.E. 14th St. The purchase price equals $85.99 per square foot.

Little Rock-based retailer Hank’s Fine Furniture, the previous tenant, was the seller.

Armstrong Bank in Fort Smith provided financing with a 20-year loan of $1.61 million.

FORD SPRINGS PROPERTY
A 5-acre residence in north Bentonville sold recently in an all-cash deal worth $1.5 million.

Sarah and Mark Ibbotson bought the 5,160-square-foot home on East Ford Springs Road from the Clark Family Trust.

Lindsey Clark with Collier & Associates in Fayetteville was the listing agent. Carol Harris with Weichert, Realtors-The Griffin Co. in Springdale was the selling agent.

The residence was built in 2018. Clark bought the land in June 2012 for $145,000. Little Sugar Estates Inc., led by Tom Seay, was the seller.

SALTGRASS DEAL
A new restaurant development in the Pinnacle Hills area of Rogers is underway following a $1.42 million land sale.

A limited liability company controlled by Leon Capital Group of Dallas paid $21 per square foot for the 1.56-acre site at 4044 S. J.B. Hunt Drive.

JH Land Holdings LLC, managed by Johnelle Hunt, was the seller.

Leon Capital will develop the property to include an approximately 8,000-square-foot building. Saltgrass Steak House will be the tenant on an initial 20-year lease.

American Momentum Bank of College Station, Texas, is financing construction with a $3.54 million loan. Boen Kemp Construction of Fayetteville is the general contractor.

Owned by Houston, Texas-based hospitality company Landry’s Inc., Saltgrass has two locations in Arkansas, in Little Rock and North Little Rock, and more than 80 locations in the U.S.

PINNACLE RESIDENCE
A 4,392-square-foot residence along the 12th fairway of Pinnacle Country Club in Rogers has a new owner after a sale worth $800,000. The purchase price equals $182.14 per square foot.

Michael and Susan Moore bought the residence on West Champions Boulevard from the Archer Family Irrevocable Living Trust.

Waco Title Co. of Springdale was the title agent. Lindsey & Associates in Rogers was the listing agency.

The three-bedroom home was built in 2003 and appraised in 2016 for $754,200. Archer bought the 0.4-acre lot in October 2001 for $185,000. Raymond Schrick was the seller.

PINNACLE LAND
A residential lot inside the gated Pinnacle Country Club neighborhood in Rogers has sold for $725,000. The purchase price equals $17.90 per square foot.

Chad Hatfield bought the 0.93-acre lot on West Pinnacle Drive. Cottage Home XNA LLC, managed by Lee and Linda Scott, was the seller. City Title & Closing LLC was the title agent.

Cottage Home paid $638,000 for the lot in April 2007.

BEAVER LAKE ABODE
A 3,578-square-foot lake home in the Point Virgo Estates neighborhood near Beaver Lake in Rogers has a new owner after a recent sale worth $610,000. The purchase price equals $170.48 per square foot.

Marc and Mindy Sherwood bought the 0.53-acre property on Point Virgo Road from Vincent and Pamela Jacobs.

Nicole Chervenyak with Coldwell Banker Harris McHaney Faucette in Rogers was the listing agent. Waco Title Co. of Springdale was the title agent.

The four-bedroom home was built in 1982 and includes a private single-slip boat dock. The property last changed hands in October 2012 for $307,000.

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