Arkansas Business

The two-acre property will be developed into a Casey’s General Store location.

Casey’s, a publicly traded company, operates about 1,700 convenience stores in 13 states across the Midwest.

The development, built on the site of the former Tower Barbecue restaurant just west of Wal-Mart Supercenter, will be a 4,080-SF gas station/convenience store with 12 fueling stations.

Walter Gray with Walter Gray Real Estate Associates of Siloam Springs represented the seller in the First State Bank transaction.

Amy Mills with Steve Fineberg & Associates Inc. of Bentonville represented Liberty Bank of Arkansas in its transaction.

More Casey’s           

Casey’s also is planning a development at U.S. Highway 412 and Arkansas Highway 112 in Tontitown, just west of McDonald’s.

The company paid $1.4 million for 1.1 acres. The seller was Walgreen Co. of Illinois.

Walgreen paid $1.94 million for the property in March 2008; however, a planned store never was developed.

The seller was 112 Partners LLC, led by John D. Alford.