Real Deals: McCarthy leading Mercy project with $16.9 million permit

The city of Springdale recently issued a building permit valued at $16.9 million to St. Louis-based McCarthy Building Cos. The permit is being used to build a 60,000-square-foot multispecialty clinic for Mercy Northwest Arkansas.

The 31-acre site is west of Interstate 49 at Elm Springs Road and 48th Street. The land was acquired in 2016 for $13 million. Mercy officials say the site will allow room for expansion at a later date.

The two-story clinic will feature 29 exam rooms dedicated to primary care and 34 exam rooms for specialty care, including cardiology, urology, pulmonology, orthopedics and ear, nose and throat. In addition, it will feature a 24-hour emergency department with 12 exam rooms and one trauma room.

Mercy NWA expects to locate nine to 10 primary care physicians and 12 specialty care providers in the clinic.

The Rogers office of St. Louis-based BatesForum is handling the design work. Crafton Tull of Rogers is the civil engineer, Heideman Associates Inc. of St. Louis is the MEP engineer and Emery Sapp & Sons Inc. of Columbia, Mo. is providing excavation and concrete services.

Other subs working on the project include Oelke Construction and Marrs Electric of Springdale, Wil-Shar Steel Erectors and Freedom Fire Pro of Rogers and Gold’s Mechanical Inc. of Springfield, Mo.

Creekside Construction
The city of Rogers recently issued a building permit valued at $11.38 million to C.R. Crawford Construction of Fayetteville. The permit is being used to build a 78,100-square-foot hotel at 4201 W. Green Acres Road, just north of Pinnacle Hills Promenade.

The five-story, 121-room project is called Creekside Courtyard by Marriott. Springdale-based hotel developer Krushiker Hospitality Group (KHG) is the developer. The 2.5-acre site is in Phase III of the Creekside commercial development on West Green Acres Road.

A limited liability company owned by KHG paid $1.94 million ($17.82 per square foot) for the lot last October. Pinnacle New Hope LLC, an affiliate of Sage Partners of Rogers, was the seller.
Intrust Bank N.A. in Rogers is financing the project. Crafton Tull in Rogers is the site engineer.

Assisted Living Sale
A 42,638-square-foot Level II assisted living community in Fayetteville has changed hands for $11.25 million. The purchase price equals $263.84 per square foot.

A limited partnership managed by privately owned Avenir Senior Living of Scottsdale, Ariz., acquired the 59-bed Clarity Pointe development at 1967 W. Truckers Drive, just east of Sam’s Club. The 5-acre property has been rebranded Avenir Memory Care at Fayetteville.

A joint venture between retirement services company LCS of Des Moines, Iowa, and Harrison Street Real Estate Capital of Chicago was the seller. Merchants Bank of Indiana provided financing with an $8.64 million loan.

Clarity Pointe opened in April 2014.

Aldi Construction
The city of Bentonville recently issued a building permit valued at $2.13 million to Kansas-based Crossland Construction Co. The permit is being used to build a 22,000-square-foot grocery store near the northwest corner of the Highway 102/Southwest I Street intersection.

German discount grocery chain Aldi Inc. is the developer. Tulsa, Okla.-based SGA Design Group is the architect. Aldi paid $901,658 for two lots totaling 2.72 acres earlier this year. Aldi bought the land from SWM Trust LLC, which is registered to Fayetteville attorney Dick Levin.

SWM Trust acquired the land from an LLC controlled by philanthropist Johnelle Hunt for $650,000 before flipping the property to Aldi, according to county real estate records. Aldi has nine stores in Arkansas, including Northwest Arkansas locations in Fayetteville, Rogers, Siloam Springs and Springdale.

Cabela’s Renovation
The city of Rogers recently issued a building permit valued at $1.79 million to Kansas-based Crossland Construction Co. The permit is being used for a renovation project at the 108,982-square-foot Cabela’s at 2300 S. Promenade Blvd. in Rogers.

The renovation will bring the outdoor brands of Bass Pro Shops, Cabela’s and Tracker boats together under one roof, creating an expanded boat center and marine and fishing centers. The plans represent the first significant retail location upgrade since Bass Pro Shops acquired Cabela’s in fall 2017. The renovation will not add square footage to the store. The expanded footprint will come from relocating existing office space to unused back-of-house storage areas, creating expanded space for customers.

The renovation also includes upgrading the store’s imagery and visitor amenities. Renovations will take place in stages beginning this month to allow the store to remain open as the enhancements occur.

Downtown Bentonville
A 3,408-square-foot office building in downtown Bentonville recently changed hands for $973,000. The purchase price equals $285.50 per square foot.

Pawlik Building LLC, registered to Bentonville attorney Lisa Kelley, bought the two-story property at 105 E. Central Ave. Kevin Pawlik was the seller. First Western Bank in Rogers provided financing with a one-year loan of $778,400. PCI Advance Title LLC of Bentonville was the title agent.

The bottom floor of the building was most recently leased to attorneys Kevin Holland and Linda Scribner. Kelley declined to comment on the acquisition.

OREO Sale
Bank-owned land just west of the Mission and Crossover intersection in east Fayetteville recently changed hands for $727,000.

MA-RI Properties LLC paid $5.75 per square foot for the 2.9-acre lot at 2621 E. Mission Blvd. The limited liability company is managed by Arthur Thurman, president of Mathias Shopping Centers Inc. of Springdale. Simmons Bank of Pine Bluff was the seller. Simmons also helped finance the deal with a one-year loan of $547,057.

Thurman said there are definitive development plans for the property, but they are not finalized and he did not disclose them.

RV Park
A fully-leased RV park in Springdale recently sold for $650,000. Sierra Enterprises Inc. of Lowell, led by President Cheryl Reed, bought the Motor Inn Trailer Park at 3348 N. Thompson St. (U.S. Highway 71 Business). The seller was David and Nancy Bristow Family Trust. Armstrong Bank in Springdale provided financing with a 15-year loan of $552,500. Lee Ward with Realty Concepts Inc. of Fayetteville was the listing agent.

The 9.6-acre development is in Benton County and has 35 rental spaces, all of them occupied. Each space has water, electric and septic connections. The western half of the property is zoned agricultural, while the eastern half (RV park) is zoned commercial. The property also includes a 1,585-square-foot residence/office and an additional storage building.