Lewis Gets Financing for New Used Car Office
by March 3, 2003 12:00 am 120 views
Lewis Brothers Leasing Co. and Lewis Automotive Group of Fayetteville on Jan. 31 got a $1.39 million loan from Arvest Bank of Fayetteville to help finance its new offices and a parking lot for its used car division.
Donald Stone and Timothy Lewis are co-presidents of Lewis Brothers.
Located just off North College Avenue on the corner of Longview Street and Plainview Avenue in north Fayetteville, the two-level Lewis used car offices will be 9,500 SF. It will include a large parking lot to display the used vehicles.
May Construction Co. of Fayetteville is the general contractor on the project, which is expected to be completed by August.
Dallas Businesses Investing in Rogers
NOWARK LLC and Quick Industries of Dallas are each building commercial projects in Rogers totaling $1 million.
NOWARK purchased a building permit valued at $800,000 to put in a 17,850-SF retail center that will be home to several vendors of Wal-Mart Stores Inc. That facility will be located at 2212 W. Walnut St.
Quick Industries also purchased a building permit valued at $200,000 to build a 3,700-SF Quick Lube Oil Change adjacent to the retail center.
Paul and Bob Dock of Dock Brothers Construction in Springfield, Mo., are the general contractors on the project.
Procon Purchases Land at Bentonville Complex
Procon Inc. of Bentonville on Feb. 4 got a loan of $820,000 from United Bank in Springdale to finance 22.12 acres at its large Bentonville commercial development.
The latest financing covered 12 lots at South Walton Business Plaza. The total development will be in the $40 million-$50 million range and a total of 39 acres. There will be about 250,000 SF in all. It is located near the intersection of South Walton Boulevard and 22nd Street, about a mile south of the Wal-Mart Stores Inc. headquarters.
Procon is comprised of Richard Werts of Bella Vista, Ted Fox and Bob Burckart of Bentonville and Brad Davis of Washington, D.C.
The site will eventually have about 40 buildings, most in the 6,000-7,000-SF range.
There will be both one- and two-level buildings featuring diverse architecture. Werts is the general contractor on the project and will custom build for prospective businesses.
C&S Adds More Homes at Fayetteville Subdivision
C&S Custom Homes Inc., comprised of Dan Cobb of Springdale and Gary Streigler of Fayetteville, in February purchased four building permits valued at a combined $679,580 to build more homes at a northeast Fayetteville subdivision.
Copper Creek is an 81-lot subdivision being developed by Gary Brandon of Springdale. It is near the Fayetteville-Springdale line on Arkansas Highway 265 north of the Fayetteville-Springdale Elks Lodge. While Copper Creek is in Fayetteville’s city limits, it is in Springdale’s school system.
The latest homes by C&S will range from 2,674-2,962 SF. They will be on N. Copper Creek Drive, E. Hearthstone Drive and E. Jasper Lane.
Walker Construction Working at Windwood
Walker Construction of Centerton recently purchased seven building permits valued at a combined $640,086 to add more homes to a southwest Bentonville subdivision.
Windwood subdivision will have about 400 homes. The latest construction will be in phase III of Windwood’s development at SW Columbus Road and SW 19th Street.
Homes at Windwood will range from 1,500-1,900 SF. They will be priced from about $95,000-$115,000. The lots will include fully sodded yards, while the houses will include full-brick, maintenance-free exteriors; ceramic tile; cherry cabinets; and architectural shingles on the roof. Some will have Jacuzzi tubs.
Dixie Building Unique Homes in Fayetteville
Dixie Construction of Fayetteville recently purchased three building permits valued at a combined $597,000 to build homes at a west Fayetteville subdivision.
Crystal Springs subdivision is located just off Crystal Springs Road. Dixie is building 15 homes in all at the subdivision. They will be on N. Pyrite Drive, directly behind Holcomb Middle School’s playground area.
The homes will range from 1,660-2,000 SF in heated space — about 2,400 SF overall.
Dixie Construction is a division of Dixie Management & Investment. Ben Israel is president and CEO of Dixie Management. Roger Trotter is president of Dixie Construction.
Dixie Real Estate, under the direction of broker Jenny Talley, is listing the homes.
The homes will utilize a spray-on, bio-based soy oil insulation foam that Israel said is “three times more energy efficient” than common insulation.
They will also have metal studs and trusses that are fire- and bug-resistant. The studs and trusses are produced by another of the company’s divisions, Next Generation Steel Systems in Rogers.
Jim Cronkwright is president of Next Generation, formerly Dixie Building Products. The studs are built from recycled steel such as cars, air conditioners and refrigerators. They will not fuel fire and are impervious to rot and termites. Coastal states have been using the steel studs due to their safety in hurricanes. The studs are also precisely pre-built, therefore making for a very clean job site.
Dixie Tree Transplanting Services and director Rose Knowld will be planting at least one large tree — 5-8 inches in diameter — on each lot. The trees will be either red maple, pin oak, red bud, sugar maple, dogwood or pine.
The floor plans, carpeting, tile, cabinets, light fixtures have been planned by Dixie’s interior decorator Pam Jones.
Fayetteville to Get More Apartments
Jerry D. Sweetser Inc. in Fayetteville on Dec. 6 purchased two building permits valued at a combined $556,400 to add more apartments near the University of Arkansas.
Bill Sweetser runs Sweetser Construction and Sweetser Properties. He is adding 96 luxury apartment units at 1351 and 1387 N. Leverett Ave., just north of North Street.
The apartments will be about 845 SF each.
Carpenter Continues Deerfield Construction
Tad Carpenter of Carpenter Construction Inc. of Springdale recently purchased six building permits valued at a combined $479,560 to build more homes at a southeast Fayetteville subdivision.
Deerfield Place is located just off Arkansas Highway 16 across from David Lyle subdivision. The homes are on East County Ridge Road and South Deerfield Drive and will range from 1,720-1,962 SF.