UA Spends Millions On Adjacent Properties (NWA Real Deals)

by Marty Cook  on Monday, Jun. 30, 2014 12:00 am  

The University of Arkansas paid $600,000 for this Charlie’s Chicken and lots. (Photo by Ryan Miller)

“We’re thinking long term with it. It’s not ever going to get any cheaper.”

Martinson said he doesn’t expect the new fields to be ready until September 2015.

The university also bought several other buildings, including the Fairview Apartments at 110 N. Harmon Ave. The UA paid Kerr Investment Co. of Fayetteville $1.33 million for the apartments and a two-story building at 50 N. Harmon Ave.

The university bought four properties on North Oakland Avenue, two from the Asfahl Trust of Fayetteville, one from the Donald Roller Wilson Trust and one from the Kathleen Kay Wilson Trust. The university paid $320,000 for the two Wilson properties at 619 and 621 N. Oakland, while there was no purchase price listed for the two Asfahl properties at 620 and 622.

Martinson said the Oakland properties will be razed and used for parking in the interim until a long-term use for the lots is decided.

 

 

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