The city of Bentonville recently issued three commercial building permits to general contractor Flintco Inc. with a combined valuation of $169.5 million.
The permits are being used to build three multistory parking decks at 1604 S.E. Fifth St., 902 S.E. Integrity Drive and 903 S.E. Integrity Drive. The garages are part of the new Walmart Inc. corporate campus construction.
According to city planning documents, the campus includes a total of 13 commercial buildings, 11 parking decks and 10 surface parking lots. The development is divided into five zones to be constructed in three phases.
The company says its goal is to open in phases through 2025.
A 25.8-acre industrial property in Springdale attracted a buyer for $4.5 million.
BS Crutcher Warehouse LLC, registered to Larry Breeden, and Agmart Investments LLC, registered to Doug Schoenfeld, formed a tenants-in-common partnership to buy the former Ball Metalpack plant at 1200 Crutcher St. Ball Metalpack LLC was the seller.
Colorado-based Ball Metalpack, which makes metal packaging for beverage, food and aerosol products, closed the facility in 2020.
David Erstine and Alex Schemel with CBRE in Fayetteville were the listing agents. Waco Title Co. was the title agent. Erstine said the buyers are investors from the Fort Smith metro.
The property has rail spur access and includes two warehouses totaling 290,050 square feet.
HOOT OWL HOMES
A pair of residential properties totaling 63 acres in Bentonville’s Punkin Hollow/Peach Orchard roads area recently sold for a combined $2.42 million.
Peach Orchard Road LLC, a Delaware-registered entity, bought the properties on Hoot Owl Road, near the Coler Mountain Bike Preserve. The Myers family was the seller.
Jan Holland with Coldwell Banker Harris McHaney Faucette in Bentonville represented the buyer and the seller. Waco Title Co. was the title agent.
GIBSON HILL RESIDENCE
The sale of a 12-acre residence in Fayetteville tipped the scales at $1.29 million.
Michael Brunetti bought the 4,750-square-foot residence on Gibson Hill Road west of Interstate 49. The purchase price equals $272.63 per square foot. Lance and Lisa Poole were the sellers.
Waco Title Co. of Springdale was the title agent. Neil Adams with Legend Realty of Farmington represented the seller, and Dan Broyles with Broyles & Associates represented the buyer.
Poole paid $126,000 for the land in 2017. Fayetteville homebuilder Riverwood Homes, led by Mark Marquess, built the four-bedroom home in 2018.
A 5,539-square-foot estate home inside the gated Pinnacle Country Club neighborhood in Rogers changed hands recently for $945,000. The purchase price equals $170.60 per square foot.
Daniel Boone Guerrero and Brenda Lopez Dominguez bought the West Buckingham Drive home from Steve and Lisa Bratspies.
Realty Title & Closing Services was the title agent. Lauren Boozman Northey with Portfolio Sotheby’s International Realty in Rogers represented the seller. Jamie Breton with Berkshire Hathaway Homeservices Solutions in Bentonville represented the buyer.
Camelot Construction built the five-bedroom home in 2005. Bratspies paid $899,000 for the 0.65-acre property in January 2006.
A 1.48-acre commercial lot in Tontitown changed hands recently for $900,000.
Missouri-based CareVet, through its AR412 Tontitown LLC, bought the lot on U.S. Highway 412, next to Las Palmas restaurant. The purchase price equals $13.96 per square foot. Lots 102 Holdings LLC, organized by Melissa Sims, was the seller.
Carrollton Bank in St. Charles, Mo., backed the deal with a $720,000 loan. Waco Title Co. of Springdale was the title agent.
CareVet is a privately held veterinary practice management group that manages and supports hospitals throughout the U.S.
A CareVet spokeswoman said the company is planning to develop the property but did not provide a definitive timeline.
A remodeled 6,400-square-foot office building in downtown Rogers changed hands recently for $900,000. The purchase price equals $140.62 per square foot.
Hannah Cicioni, through her HBIC LLC, bought the two-story building at 316 S. First St. across from Frisco Park. Ron Hudnall was the seller.
Hunter Prowell with Lindsey & Associates represented the seller. Cicioni represented herself through her firm CRD Real Estate & Development. PCI Title was the title agent.
Cicioni said she will relocate CRD from its existing Rogers address on West Cypress Street to the new building. CRD will occupy about half the space. The remaining space will be offered as Class A office/retail space for lease.
A 1.3-acre commercial lot in Rogers’ ERC Office Park addition west of Interstate 49 sold recently for $566,710. The purchase price equals $10.01 per square foot.
Cajakajo Holdings Inc., led by Buckley Blew, bought the lot at 5100 S. Pinnacle Hills Parkway. Beaty Capital Group Inc., led by Lance Beaty, was the seller.
Paragould-based First National Bank provided financing with a $440,000 loan. City Title & Closing in Fayetteville was the title agent. Clinton Bennett with Bennett Commercial Real Estate in Rogers represented both sides of the transaction.
Beaty paid $565,000 for the land in December 2015 in a deal that involved three parcels and 4.26 acres ($3.04 per square foot). Champions Office LLC was the seller.
Bennett said the buyer has no immediate development plans.
Real Deals submissions: Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at [email protected]. Please write ‘Real Deals’ in the subject line.