Lutheran Lures Perry Land Deal (Real Estate)

Peace Lutheran Church of Rogers recently sold 20 acres on Perry Road in Rogers to Great Northwest Development LLC for $4.2 million.

Bill Schwyhart, J.B. Hunt and Tim Graham are principals in Great Northwest Development.

Regions Bank of Rogers financed the purchase of the property, which is located on the east side of Interstate 540 off Perry Road.

Schwyhart said the group owned a 20-acre parcel beside the one it purchased, and the land was secured for future Pinnacle Promenade growth.

Great Northwest Development sold the land to Peace Lutheran in 2002 for $900,000. Bank of Rogers financed the purchase.

Edwards Works Warehouse Digs

Edwards Design & Construction Inc. of Springdale recently bought a building permit valued at $3.3 million to build a 56,875-SF warehouse on Louisiana Place in Springdale.

Louisiana Place is located one quarter of a mile from the intersection of U.S. Highway 412 and Arkansas Highway 265.

Edwards Design & Construction is the general contractor on the project.

Edwards Properties owns the building and will lease it to Northwest Arkansas Bonded & Public Warehouse Inc., which is owned by Terry Gunnelf.

Greg and Chris Edwards are the owners of Edwards Design & Construction and Edwards Properties.

Metropolitan National Bank of Little Rock is financing the construction.

BMH Architects Inc. of Fort Smith is the architect. Engineering Design Associates of Springdale is the engineer.

The space will be ready in March.

SSI Stears Dealership

SSI Inc. of Tontitown recently bought a building permit valued at $2.3 million to build an 11,000-SF commercial addition on 48th Street in Springdale.

The project will be added on to an existing 15,000-SF building on site that will become the new location for Heartland Honda, a motorcycle and all-terrain vehicle dealership owned by Jack and Nancy Donahoe.

Arvest Bank-Rogers is financing the construction on the 2-acre site, which should be complete in the spring. Heartland Honda is currently located at 2021 W. Sunset Ave. in Springdale.

Jack Donahoe said the new facility will double Heartland Honda’s interior and exterior space, in addition to creating more room for customer parking.

Heartland Honda was started 39 years ago by Paul and Larry Diviney and was known as G&D Cycle. The Donahoe’s bought the business from G&D Cycle in 1996.

Marinoni Adds Highlands Space

Marinoni Construction Inc. of Fayetteville recently bought a building permit valued at $1.2 million to build an 11,600-SF office addition on Northhillls Boulevard in Fayetteville.

The project will be an addition to the existing 10,000-SF Highlands Oncology Group facility that was completed in January 2001.

Thad Beck, Dan Bradford, Malcolm Hayward, Pat Travis, Greg Oakhill and Stephan Rosenfeld own Highlands Oncology Group, which also has locations in Springdale and Bentonville.

The lot is owned under the name Metaphase I LLC.

Crafton Tull & Associates Inc. of Rogers is the architect and engineer on the project.

Metaphase I bought lot 17 in the North Hills Medical Park in 1999 for $142,000 from Fairchild General Partnership.

The space should be complete in about a year and includes upgrades of its diagnostic imaging services.

Highlands will install a new positron emission tomography, or PET, machine in addition to expanding its exam-room area.

The multi-disciplinary chest clinic and clinical research facilities will relocate from its Springdale office to Fayetteville. Highlands employs about 100 full- and part-time staff in its three locations, said Kathey Parker of Highlands.

Daily Digs Pinnacle Pads

Lee Daily Construction LLC of Fort Smith recently bought six building permits valued at a combined $842,400 to build town homes in the Pinnacle subdivision off Champions Boulevard in Rogers. Daily will build on the 14 remaining lots in the town home section of the 540-acre subdivision. There will be two two-story buildings with seven town homes in each.

Lee and Laura Daily own Daily Construction.

Tom Hopper of Tallchamps LLC is the developer of the 700-lot subdivision.

The three-bedroom, two-bath units will feature double firewall construction, granite countertops, hardwood flooring, cedar roof material and a sprinkler system.

They will sell from $250,000, and the first unit should be ready for occupancy in April.

The units will feature a mixture of brick and siding exteriors.

Crafton Tull & Associates Inc. of Rogers is the engineer. ANB Financial N.A. of Rogers is financing the construction.

Da Vinci Digs Springhill Sub

Da Vinci Construction Inc. of Springdale recently bought three building permits valued at a combined $663,233 to build homes in the Spring Hill subdivision off Silent Grove Road in Springdale.

Brian Lehmann is the owner of Da Vinci Construction.

Lots average 0.20 acres in the 80-lot subdivision. Home construction began in November.

David Chapman is the developer of the subdivision.

The four-bedroom, two-and-a-half- bath homes will feature custom maple cabinets, granite countertops and stainless steel appliances.

Da Vinci bought the lots from Tim McMahon and is building them for a private investor.

Woodruff Wins Fairfield Lots

Woodruff Homes LLC, a subsidiary of R.B. of Springdale Inc., recently bought three building permits valued at a combined $597,000 to build homes in the Fairfield subdivision off Mount Comfort Road in Fayetteville.

William Thomas “Dub” Woodruff is the principal in Woodruff Homes LLC.

Cross Creek Subdivision LLC — of which Kevin Riggins, Darin Riggins and Stephen Palmer are principals — developed the subdivision.

There are 157 homes in the 58-acre subdivision where home construction began in 2003.

The 1,800 SF homes will sell from $105 per SF and will feature a 90 percent brick exterior, crown molding, ceramic tile and solid-surface countertops.

Woodruff Homes is building for the Tucson Group Inc. of Springdale, of which Debra Broyles is the sole member.

Tucson Group bought the lots for about $43,000 each from Palmer Investments of Northwest Arkansas LLC in September. Lots average 0.19 acres.

R.B. of Springdale is also finishing construction on the 144-unit Stadium Apartments complex on Razorback Road in Fayetteville.

There will be nine, 16-unit buildings in all which will have an even split of one- and two-bedroom units.

The 976-SF, two-bedroom unit will rent from $595 and the 776-SF one-bedroom unit will rent from $495.

Hayley Rae Inc. of Tontitown, which owns R.B. of Springdale, will be managing the complex.

First State Bank in Fayetteville financed the construction.

No architecture or engineering information was available.