Brock Gearhart and his wife, Lindsey, paid slightly less than $1.1 million for the former Fayetteville home of John and Courtney Goodson.
Brock Gearhart is the CEO of Greenwood Gearhart, a wealth management firm in Fayetteville. He is also the son of former University of Arkansas Chancellor David Gearhart.
The Gearharts transferred the property to the Gearhart Family Trust after the acquisition. Newrez Mortgage of Fort Washington, Pennsylvania, assisted the purchase with a loan of $720,000.
Courtney Goodson is an associate justice on the Arkansas Supreme Court, and John Goodson is a high-profile class-action attorney. The Goodsons divorced last year, and Courtney became the sole owner of the house after John Goodson filed a quit claim deed after the divorce.
The Goodsons acquired the home for $725,001 in 2014. It is on East Fredricksburg Circle in the Savanna Estates subdivision in east Fayetteville. It is a five-bed, five-bath, 5,682-SF two-story home with two fireplaces.
Fitness Center
A 21,208-SF fitness center in Springdale sold for $1.95 million.
Jason Coates Enterprises LLC, led by Jason Coates, bought the facility on 1.9 acres at 866 S. 48th St. It has been home to World’s Gym and Crusader Fitness in the past.
G&C Family LLC, led by Gerald Johnston of Springdale, was the seller. Johnston acquired the property for $1.8 million from Billy and Wanda Moore in 2008.
Cornerstone Bank in Eureka Springs assisted the purchase with a loan of more than $1.4 million.
Prairie Grove Harps
Investors from Summers (Washington County) paid $1.56 million for the Harps Food Store in Prairie Grove.
S&K Extreme Hunts LLC, led by Steven Smith and Kevin Riggins, bought the 20,911-SF store at 319 E. Buchanan St. The same group bought the Harps store adjacent to the corporate offices for nearly $6 million earlier this year.
Legacy National Bank assisted the purchase with a loan of nearly $1.25 million.
Harps will remain at the location under an existing lease agreement.
The seller was Knash Partners NWA LLC, led by David and Karomy Kimbel; David Kimbel is the president of commercial housing at Kimbel Mechanical Systems, and Karomy Kimbel is an area manager.
The Kimbels paid $1.44 million for the property in 2016.
Office-Warehouse
An office-warehouse complex in Fayetteville sold for $840,000.
Watercolor Properties LLC, led by Timothy and Carla Spainhour and Christopher and Jessica Dinwiddie, bought the property, which sits on 3.6 acres and has more than 23,000 SF of space. It is located on North College Avenue.
The seller was McClelland Properties Inc., led by James Edward McClelland and Linda McClelland Rogers.
Arvest Bank provided a $680,000 loan.
Sports Bar
A former Fayetteville sports bar sold for $580,000.
45 Colt Square LLC, led by Pierce Osborne II, Wes Shelton and Michael Curry, bought the 5,300-SF facility on Colt Square Drive in Fayetteville. Osborne, Shelton and Curry are partners at Arkansas Periodontal & Implant Associates in Fayetteville. TCB Ventures LLC, led by Travis Fink of Fayetteville, was the seller. Signature Bank of Arkansas provided a $495,000 loan.
Fayettechill
The former Fork & Crust Pie Co. on Mission Boulevard in Fayetteville sold for $464,000.
Mo Elliott, through his Fayettechill LLC, bought the 1,507-SF building, which now houses a Fayettechill store. Elliott founded the Fayettechill clothing franchise; the Fork & Pie closed this summer.
The sellers were Stanley DuBois and Jeffrey Darrell Chapman of Eureka Springs. Fork & Crust founder Lori Rae is in the middle of a legal dispute with investors Alex Schwyhart and Virginia and Shawn Price. Signature Bank of Arkansas provided a loan of $371,200.
