Lumber One to Open in iHeart Media Metroplex, Other Real Estate Deals Total $1.4M

Lumber One to Open in iHeart Media Metroplex, Other Real Estate Deals Total $1.4M

A new Lumber One Home Center retail store is planned for the recently sold iHeart Media Metroplex at 10800 Col. Glenn Road in Little Rock.

Timmons Property Management LLC bought the 107,000-SF building and 10.5-acre property for $4.6 million. The firm was then acquired by Morton Land Holdings LLC, a company is led by John Morton, owner of Lumber One.

Morton said the new store will not replace any of the company's current stores, which are located in Mayflower and Stuttgart. Renovations are planned, but he said he didn't know yet how much those will cost.

Lumber One has hired Roark Perkins Perry Yelvington Architects of Little Rock for the project.

Plans call for 110,00-120,000 SF of retail space, including a drive-in, indoor lumber yard. The store will hire between 60 and 75 people, he said.

Morton also said the company hadn't determined yet when its new Little Rock store will open. Lumber One is in discussions with the tenant, iHeartRadio, about when it will leave the building. iHeartRadio was formerly known as Clear Channel.

Lumber One is also planning to close on the purchase of 10.5 acres and a 130,000-SF building at 11610 Vimy Ridge Road in Alexander within a few weeks.

Lumber One plans to open a distribution center and millwork facility on the property to support Lumber One retail stores, Morton said. He expects about 75 people to work there.

He also said the company is working on plans to open more stores.

Other recent real estate deals include:

Janitorial Supply Building Bought

KRA Properties LLC of Little Rock purchased a 15,000-SF warehouse at 8716 Interstate 30 in Little Rock for $400,000.

Arkansas Bag Janitorial Supply is listed as its tenant.

The seller was ABEC Partnership LLC of Little Rock, led by Gerald Garbett.

Adjoining Warehouses Sold

Ronny and Judith Brown of the Ronny Brown and Judith Brown Revocable Living Trust sold adjoining warehouses in Pulaski County for $389,000.

One of the warehouses is 4,000 SF and located at 2011 Dugan Drive. Arkansas Custom Furniture is listed as a tenant.

The other warehouse is 12,500 SF and located at 3010 Dugan Drive. Prima Design is listed as a tenant.

The buyer was Ben Davis Properties Management LLC.

Warehouse, Preschool Bought

Three Pulaski County properties on Col. Glenn Road were recently purchased for $350,000.

Dennis Bluff Estates LLC, led by Christopher and Jamie Davis, bought the following:

  • A 9,120-SF warehouse at 7507 Col. Glenn Road.
  • A 3,250-SF day care center at 7505 Col. Glenn Road.
  • The 1,758 preschool, UAMS Head Start, at 7501 Col. Glenn Road.

The sellers were the Atley G. Davis Living Trust and Betty Davis Living Trust.

Pulaski County Parcel Sold

Liquid Environmental Solutions of Texas LLC of San Diego bought a property at 15100 Rockbridge Road in south Pulaski County for $272,000.

The seller was William and Beverly Pontius, and Value Stream Environmental Services is listed as the tenant.