New Jonesboro Medical Center Drawing Retail Development Boom

by George Waldon  on Monday, Oct. 21, 2013 12:00 am  

Aaron Webster, who has worked in Jonesboro’s retail scene for about 15 years, credits Burrow’s mall project with unleashing a flood of retail development.

“Ever since then, it’s been rapid growth,” said Webster, operations manager for the Academy Sports store in Jonesboro. “Every time you turn around someone new is coming to town.”

The Mall at Turtle Creek cast Jonesboro, long bypassed by retailers in favor of markets deemed tonier, in a new, affluent light.

The city’s popularity as a profitable destination choice for new business has continued to grow.

“We’re right in line with stores in bigger markets,” said Webster of Academy Sports sales since the Jonesboro store opened in August 2012. “It’s going to be neat to see where we’re at in the next five years with more big-name stores coming to town.”

Josh Brown of Haag Brown Commercial recently took out-of-state investors on a tour around town. They were amazed at what they saw in Jonesboro.

“A mortgage broker from Los Angles said it was the most dynamic market of its size that he had ever seen,” Brown said. “We have no second-generation space. Even our old strip centers are 100 percent leased.”

Redevelopment Plans

Redevelopment of the 100-bed NEA Baptist Memorial Hospital already is lined up in advance of the health care provider’s full move out by year’s end.

“We’re going to do a post-acute care facility that will support all the providers in the market,” said Rick Williams, owner of Summit Health Care Providers of Little Rock.

The 120,800-SF hospital is the heart of a 17.6-acre campus that Summit Health affiliates bought for $6.9 million along with more than 10 acres of surrounding property in November 2011.

 

 

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