DMT Services Pays $1.2 Million for Franklin Electric Building (Real Deals)

by Paul Gatling  on Friday, Dec. 7, 2012 8:51 am  

A vacant warehouse property and nearly 30 acres in Siloam Springs came off the market after a $1.2 million deal.

The Siloam Springs-based freight shipping and trucking company DMT Services Inc., led by president Dale Moten, bought the 240,589-SF building and acreage at 650 U.S. Highway 412.

The seller was Bluffton, Ind.-based Franklin Electric, which operated a plant at the site for almost 50 years before ceasing operations in April 2010.

Benefit Bank of Fort Smith financed the deal.

Butch Gurganus with Colliers International in Bentonville represented the seller.

DMT will relocate its current headquarters at 995 S. Lincoln St. to the new location after the first of the year.

The company also plans to lease part of the new space to additional tenants.

The property last appraised in 2011 for $5.82 million.

 

Lake Abode           

A 4,675-SF remodeled home on a private peninsula in the Dornoch subdivision of Bella Vista has a new owner after an $850,000 sale.

Tom and Sandra Watson sold the Talana Place property on Lake Loch Lomond to Bradley and Tamara Jones.

 

 

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