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After Auction, George Dunklin Plowing New Ground

2 min read

Remember the Feb. 24 court-ordered auction of more than 15,700 acres of farming and hunting property in Arkansas and Jefferson counties?

The transaction, estimated at $85 million, resulted in a sibling buyout of Deborah Tipton by her brother, George Dunklin Jr., chairman and immediate past president of Ducks Unlimited.

The sale ended long-running differences over the operation of M.E. Black Farms, differences that grew into more than two years of litigation.

On the backside of Dunklin acquiring sole ownership was a $65.6 million sale of most of the family holdings to Grand Prairie Farming & Water Co. LLC, led by Jerry Lee Bogard of Stuttgart.

That deal encompassed 9,972 acres in Arkansas County and 2,390 acres in Jefferson County.

Reinvestment

What did Dunklin do with some of the proceeds? He plowed the money into commercial real estate investments.

The investments included:

  • The 12,100-SF Creekside Center for Women at 5330 Willow Creek Drive in Johnson (Washington County), $2.9 million; and
  • Dollar General stores in Farmington (Washington County), nearly $1.7 million; Vilonia, $1.5 million; and Lonoke, $988,000.

Joining the parade of Dunklin investments were three Pulaski County transactions:

  • The 34,580-SF Altitude Trampoline Park at 15707 Chenal Parkway in west Little Rock, $3.4 million. That was sold by Chenal Parkway Development LLC, led by Haitham Alley.
  • A 57,705-SF warehouse at 1316 North Hills Blvd. in North Little Rock, $2.9 million. The sellers were a string of limited liability companies led by Kevin Huchingson, Matt Jones, Scott Schlesinger and Jason LaFrance.
  • The 8,000-SF Central Dental office at 12018 Chenal Parkway, $2.7 million. Seller: Parkway West Development LLC, led by Wally and Blair Allen.

You might recall that two weeks ago we told you about Dunklin buying a 14,800-SF retail project in Bryant for more than $2.5 million.

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