Six-plus acres of land in uptown Fayetteville traded hands for a little more than $1 million and will be the site of a 28,000-SF trampoline park.
Haitham Alley of Little Rock, through his NWA Trampoline Inc., bought 6.6 acres on Van Asche Drive just east of Mall Avenue in the popular Steele Crossing area. The land, behind a hotel and Noodles restaurant, is south of the Northwest Arkansas Mall.
The purchase is tied to a $3.64 million loan with First Security Bank of Little Rock. The sellers were MSB Properties LLC, led by Marjorie Brooks, and Nanchar Inc., led by Charlotte Steele.
Alley is general manager of Diversified Materials & Handling, an affiliate of the Little Rock contractor VCC; last year he sold the Altitude Trampoline Park on Chenal Parkway in Little Rock to Ducks Unlimited Chairman George Dunklin for $3.43 million.
Altitude Trampoline Park of Fort Worth announced Tuesday it will begin construction on the park early next year. VCC Construction will be the development's contractor.