Marriott, school district deals top the Craighead County transactions list

by Talk Business & Politics staff ([email protected]) 699 views 

McCain Lodging Jonesboro LLC made the most significant residential and commercial property transfer in Craighead County, from June 15 through July 15, according to the Craighead County Assessor’s Office.

The company spent $11.9 million to buy the Courtyard by Marriott hotel on East Johnson Avenue. The deal was completed June 29.

The Nettleton School District made the second most significant real estate purchase in the region during the period. The district bought an office building and acres in the Freeway Industrial Park for $3.5 million. The deal was completed July 1.

In the third largest real estate deal in the region, Flex Properties LLC bought residential acres on East Parker Road. The deal was for $1.86 million and was completed June 29.

Following are the other top transactions during the period in the county.

Transaction amount: $1.8 million
Seller: JRN Investments LLC
Buyer: JCL Investments LLC & Thomas and Company LLC
Sale date: June 23
Address: 2500 Alexander Drive
Description: shopping center

Transaction amount: $1.7 million
Seller: HB 1112 Windover Group LLC
Buyer: TDA Properties LLC
Sale date: July 14
Address: 701 Windover
Description: commercial building

Transaction amount: $1.41 million
Seller: The Deborah Rusher Nix Irrevocable Trust
Buyer: JRN Investments LLC
Sale date: June 23
Address: 2532 Alexander Drive
Description: office building

Transaction amount: $1.38 million
Seller: Crain Investments LP
Buyer: OR Jonesboro LLC
Sale date: June 30
Address: 2611 Red Wolf Boulevard
Description: O’Reilly Auto Parts store

Transaction amount: $1.03 million
Seller: SMC Texas LLC
Buyer: Rowdy Boys LLC
Sale date: June 24
Address: N/A
Description: residential acres

Transaction amount: $1 million
Seller: John Herringer Jr.
Buyer: Ken Yarbrough
Sale date: July 6
Address: 2912 Gilmore
Description: Eagles building

Transaction amount: $950,000
Seller: J.T. & Sybel Barr
Buyer: Jimmie and Goldie Bumper
Sale date: July 13
Address: N/A
Description: house