Crossland Gets Cold Storage (Real Deals)
by May 8, 2006 12:00 am 112 views
Crossland Construction Co. of Rogers has started site work for a 160,000-SF Don’s Cold Storage facility valued at $19 million at 801 W. Easy St. in Rogers.
The project is expected to be finished in September.
Don Coenen, along with other silent partners, is the owner of the project. Coenen said the facility will have 2.6 million cubic feet of storage and will have the ability to blast freeze 30 truckloads per day.
ANB Financial N.A. of Rogers is financing the 23-acre project.
Henry Architecture of Bentonville is the architect.
Coenen said Phase II of the project will start in January and will bring another 80,0000 SF to the project, with total SF around 400,000 in Phase III. He said the project will eventually generate more than 200 jobs.
Petromark Paints White Oak Lot
Petromark Inc. of Harrison will soon begin construction on a 42,000-SF convenience store project valued at $7 million in Rogers.
Pinnacle Station will be located at the intersection of 45th Street and New Hope Road in Rogers. Crossland Construction Co. of Rogers is the anticipated general contractor on the building that is expected to open in the summer of 2007.
Stephen Lair and Steve Turner of Petromark Inc. are the developers of the project. Lair said the actual convenience store will occupy about 8,000 SF, and a banking center will occupy 8,000 SF. There will be about 4,000 SF reserved for additional retail space, and there will be another 9,000 SF of residential loft-type space. The remaining space in the 42,000-SF will be for offices.
Brackett Krennerich Cooper Architects of Fayetteville is the architect on the project. CEI Engineering & Associates Inc. of Bentonville is the engineer.
Petromark bought the 3.29-acre site from Creekside Development LLC in February for $3 million. Tom Terminella, Greg Nabholz, Tom Morter and Terry Johnson are principals in Creekside.
Lair said Petromark will have room on the site for a future building that could be as much as 16,000-SF in size.
First Federal Bank of Arkansas in Fayetteville is financing the project.
Petromark owns eight White Oak Station properties in the area. The company owns a total of 25 gas stations in Arkansas and Missouri combined.
Harris Has Legacy Lot
Harris & Harris Properties LLC recently took out a $6.5 million loan through Legacy National Bank in Springdale for construction of an office building on Horsebarn Road in Rogers.
Pat Harris and David Harris are principals in Harris & Harris Properties LLC, which is the owner of the new building and the 6-acre property. The new 30,000-SF building will become the Rogers office of Harris McHaney Realtors and will house about 120 real estate agents.
Precept Builders Inc. of Rogers is the general contractor on the building valued at $4 million. The project should be complete in February 2007.
Miller Boskus Lack Architects PA of Fayetteville is the engineer. Crafton Tull & Associates Inc. of Rogers is the architect.
Harris & Harris bought 10 acres off Horsebarn Road for the project in April 2005 from Northwest Radiation Therapy Institute for $1.9 million. Harris & Harris recently sold 4.3 of the 10 acres to Metaphase LLC for $2.3 million and have two acres remaining for development. Daniel Bradford, Malcolm Hayward, Patrick Travis and Gregory Oakhill are listed as members of Metaphase.
Park Central Picks Loan
Park Central LLC recently bought a $3.1 million loan through the Bank of Rogers.
Developer Mike Charlton of Charlton Development Inc. said the loan is related to the Park Central development on Pleasant Grove Road in Lowell.
Site work on the first 90 acres of the development began in January 2005. The entire project is 123 acres, of which 90 are in Lowell and the remainder in Rogers. Site work has not started on the Rogers portion. Coast Construction Co. of Tulsa is the site contractor.
Charlton said site work for Phase I is finished and he plans to receive final plat approval on Phase II sometime this month.
Charlton also said construction on The Villas at Park Central should begin in the next month. He plans on closing on the sale of lots to builders soon. The Villas will have 86 buildings with two units in each building on 0.33-acre lots.
Park Central will also have a World Gym. Charlton said he hopes to have the building permit issued for the $5 million, 50,000-SF project by the end of May.
Barber Clasps Clabber Creek
Barber Development Inc. of Springdale recently bought 17 building permits valued at a combined $2.9 million to build homes in the Clabber Creek subdivision off Rupple Road in Fayetteville.
The construction is in Phase III of the subdivision, which has a total of 256 lots. Barber Development is the only contractor on the 114 lots in Phase III of the subdivision. The homes average 2,000 SF and will sell from $105 per SF. Lots average 0.25 acres and Phase III is about 28 acres.
CB Ventures LLC, of which Brandon Barber and John Chambers are members, is the developer of the subdivision. Barber is chairman of The Barber Group.
CB Ventures bought the 114 lots in Phase III from BMW Investments LLC for $4.4 million in April. Sam Mathias, Bleaux Barnes and Curtis Wray are members of BMW.
H2 Engineering Inc. of Fayetteville is the engineer.
CDI Constructs Metropolitans
CDI Contractors LLC of Fayetteville recently bought a building permit valued at $2.57 million to build a 10,000-SF Metropolitan National Bank branch on Shiloh Drive in Fayetteville.
The space will also house Metropolitan’s mortgage lending department. The project is expected to be complete in January.
Wittenburg Deloney & Davidson Inc. of Fayetteville is the architect. McClelland Consulting Engineers of Fayetteville is the civil engineer.
CDI is the contractor for six Metropolitan National Banks under construction. The banks are located on Pinnacle Hills Parkway and Pleasant Grove Road in Rogers, Arkansas Highway 62 in Fayetteville, in Fountain Plaza off South Walton Boulevard in Bentonvlille and in Har-Ber Meadows in Springdale. The two-story, 23,000-SF Pinnacle Hills building should open in June.
Barber Picks Piedmont Place
Barber Construction Inc. of Springdale recently bought four building permits valued at a combined $2.27 million to build condominium units in the Piedmont Place subdivision in Fayetteville. The entire project is valued at $4.7 million.
The Barber Group is building a total of 30, two-bedroom units that average 1,000 SF and will sell from $150 per SF.
There will be three eight-unit buildings and one six-unit building on the 1.4-acre site.
Cooper Architects of Fayetteville is the architect on the project, which will feature modern contemporary finish outs.
Project Design Consultants of Cave Springs is the engineer.
Link & Will Hooks Legacy Estates
Link & Will LLC recently took out a $600,000 loan through Metropolitan National Bank of Little Rock to build homes in the Legacy Estates subdivision off Pleasant Grove Road in Rogers.
John David Lindsey, David Slone and Travis Woods are members of Link & Will LLC, which is developing the 17-acre subdivision.
There are 31 lots in Legacy Estates. Lindsey said the average lot price is $70,000. Lots average 0.40 acres.
Link & Will is building 12 homes in the subdivision, and the rest of the lots are sold to various owners. Homes will range from 2,700 to 3,000 SF and will sell from $135 per SF.
Northstar Engineering of Bentonville is the engineer.
Milestone Makes Reagan Addition
Milestone Construction Co. of Springdale will soon start construction on a 5,500-SF addition valued at $500,000 to Reagan Elementary School at the intersection of 40th and Olive streets in Rogers.
Travis Ruff and Sam Hollis own Milestone Construction.
Hight-Jackson Associates PA of Rogers is the architect. HSA Engineering Consulting Services Inc. of Fort Smith is the engineer.
The project will add classroom space to the existing 42,000-SF building.
Milestone is also working on the $3 million expansion to the Alice L. Walton Terminal building at the Northwest Arkansas Regional Airport. The expansion work began in July and should be finished in June.
The 9,000-SF project will bring additional space to the baggage claim area.
Wittenburg Delony & Davidson Inc. of Fayetteville is the architect. McClelland Consulting Engineers Inc. of Fayetteville is the civil engineer. Newcomb & Boyd of Atlanta is the mechanical, electrical and plumbing engineer. Engineering Consultants Inc. of Little Rock is the structural engineer.
Ozark Floats Creekwood
Ozark Builders Group LLC recently started home construction valued at more than $500,000 in the Creekwood Manor subdivision off East Harris Street in Pea Ridge.
Ozark will build all of the 45 homes in the 20-acre project and has started construction on six homes.
John Hall is the owner of Ozark Builders Group, which is the developer and general contractor in the subdivision.
Earl Fochtman of Fochtman Enterprises LLC is the site contractor.
The first home should be ready for occupancy in September.
The three- and four-bedroom homes will range from 1,200 to 1,400 SF and will sell from $120,000 to $130,000.
Lots are a minimum of 0.27 acres.
Ozark Realty Group of Springdale will list the homes that will have an exterior of mostly siding with brick in the front.
First Federal Bank of Arkansas in Fayetteville financed the site work. Freeland-Kauffman & Fredeen Inc. of Rogers is the engineer.
Ozark Builders bought the 20 acres for the subdivision from John David Lindsey in June 2004 for $200,000.