Flintco Leads Expansion Effort at Grace Point Church (Real Deals)

by Paul Gatling  on Monday, Oct. 29, 2012 11:49 am  

Gloria McKinney and Jacque Harren with Coldwell Banker Harris McHaney Faucette of Rogers were the listing agents.

Ed Franzke with Bassett Mix and Associates of Fayetteville represented the seller.

The 4.71-acre property appraised earlier this year for $871,450, and had a listing price of $875,000.

Russell paid $135,000 for the land in July 1999.

Amenities include a saltwater pool with spa, fishpond with waterfall, and a game room.

 

Lease Agreement

The Egg & I has entered into a 10-year lease agreement with VOC LP, led by Dewitt Smith, to occupy 3,777 SF in the Village on the Creeks development at 5206 Village Parkway in Rogers.

The national restaurant chain is taking space previously leased by B Larue gift shop. The space faces 52nd Street. Similar spaces have an asking rate of $17.50 NNN.

Alan Cole with the Bentonville office of Colliers International represented the tenant in the transaction.

Pat Morrison with Morrison Wanger Adams of Rogers represented the landlord.

Village on the Creeks is a 12-acre development of office space, retail and dining totaling about 270,000 SF.

The property has an occupancy rate of more than 90 percent.

The Egg & I is based in Colorado and has approximately 60 company and franchise locations in 15 states.

Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at pgatling@nwabj.com. Please write ‘Real Deals’ in the subject line.

 

 

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