Former Simmons Pet Food site in Siloam Springs changes hands for $16.3M
by February 18, 2024 8:23 am 2,063 views
Metacycle, a custom plastic injection molding company, will use the Siloam Springs facility at 1700 E. Quarter Road as its primary manufacturing facility.
A 386,416-square-foot industrial building in Siloam Springs changed hands recently for $16.3 million. The purchase price equals $42.18 per square foot.
Simmons Pet Food Inc. of Siloam Springs sold the 58-acre property at 1700 E. Quarter Road to Store Master Funding XXXII LLC, an affiliate of Store Capital Corp. of Scottsdale, Ariz.
Store Capital has entered into a 20-year lease agreement with Metacycle LLC, an affiliate of Little Rock-based Arcane Capital Partners, a privately held investment firm.
Marshall Saviers from Cushman & Wakefield/ Sage Partners in Rogers represented Simmons Pet Food. Ted Dickey from Lighthouse Asset Advisors in Litte Rock represented Arcane Capital Partners.
Metacycle, a custom plastic injection molding company, will use the Siloam Springs facility as its primary manufacturing facility.
“We are excited about what the future holds for our new Siloam Springs facility and thankful for all parties involved in making this acquisition happen,” Arcane managing partner and CEO Michael Hickmon said. “This acquisition will allow us to better serve our customers with a larger, more integrated, and more capable best-in-class facility.”
Simmons Pet Foods took ownership of the property in September 2022 in a $6.2 million deal.
Simmons Foods, the parent company, bought the property out of bankruptcy in 2009 for $2.6 million. Patio furniture maker Syroco Inc. was the seller. Syroco closed in June 2007.