Baptist Health Puts Together Properties Along Conway's I-40 Corridor

by Arkansas Business Staff  on Monday, Dec. 16, 2013 12:00 am  

How much did Baptist Health invest to assemble land in Conway along Interstate 40 for its future hospital complex?

At least $10.6 million.

Conway Community Services, a Baptist affiliate, put together 37.1 acres along Exchange Avenue at Bronnie Lane.

The sellers were Avere Conwayre LLC, 17.2 acres for $5.4 million; 105 Development Group LLC and Ferguson Land Company LLC, both led by Mark Ferguson, $4.18 million for 16 acres; and CCDCW Ltd., $1 million for 3.9 acres.

Avere Conwayre and CCDCW are affiliates of Avere Equity Advisors of Trophy Club, Texas.

 

 

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