Grandview Apartments on West 24th Street in Fayetteville.
Real estate investors from Midland, Texas, paid $8.5 million for the Grandview Apartments in Fayetteville.
Jason Cannon and James Woodcock, through their C&W Grandview Apartments LLC, bought the 129-unit, 19,400-SF complex. It sits on nearly 12 acres on West 24th Street.
West Plains Bank & Trust of West Plains, Missouri, provided a loan of $6.4 million.
The seller was Grandview Apartments Fayetteville LLC, managed by Robert Wolf of Read Property Group of Brooklyn, New York. Read acquired the property for $4.25 million in 2018.
West Fayetteville Land
A Bentonville real estate developer paid a total of $1.48 million for nearly 4 acres in west Fayetteville.
Jake Newell, through his Porter & 49 Opportunity Fund LLC, bought three tracts on Stephen Carr Memorial Boulevard.
A portion of Porter Road was renamed in Stephen Carr’s memory after Carr, a police officer, was killed in the line of duty in December 2019.
First National Bank of Fort Smith provided a loan of $1.28 million.
The sellers of the two largest tracts, about 3.5 acres that sold for $1.2 million, were Donald and Ginger Eubanks. The Eubankses acquired the 2.57-acre tract, which has a 2,070-SF residence, for $78,000 in 1999, and the adjacent 0.93 of an acre with a 1,445-SF residence for $85,000 in 2005.
The third tract, totalling 0.46 acres, sold for $280,000.
The sellers were Benjamin and Jessa Seewald, who acquired the property for $100,000 in 2017; Jessa Duggar Seewald was featured on the reality television show about the Duggar family, “19 Kids and Counting.”
Dry Cleaners
A Tallahassee real estate investor paid $1.45 million for a former dry cleaning location in Springdale.
Brad Safley, through his TW Springdale-Sunset Ave LLC, bought the 3,210-SF location on Market Square Drive. Safley is managing partner of Tidewater Development.
Today Cleaners, the former tenant, announced on social media it had closed the brick-and-mortar site in March.
Bankplus of Jackson, Mississippi, provided a loan of $1.35 million.
The seller was Mathias Ventures Inc. of Bentonville, led by President J. Mark Mathias. Mathias acquired the property for $715,000 in 2019.
Springdale Office
A Fayetteville wealth adviser paid $1.375 million for a 6,204-SF office in Springdale.
Dustin Heath Stanley, through his New Wave Ventures LLC, bought the property on South Thompson Street. Stanley is the owner of New Wave Wealth Advisors.
The property is home to the Goddard Design Group. Citizens Bank in Batesville provided a loan of $1.3 million.
The seller was Springdale Business Center LLC, led by Stephen C. Parker Jr. of Fayetteville. Parker acquired the property for $685,000 in 2019.
Watson Street Apartments
A Fayetteville real estate investor paid slightly more than $1 million for the Watson Street Apartments in Fayetteville.
T.J. Lefler, through two of his subsidiaries, bought the 12-unit complex on Watson Street. It totals more than 6,300 SF. Watson Street Partners LLC will own 84.36% of the property while the remaining 15.64% will be owned by Mside Fay LLC.
Lefler is the owner of Lefler Capital. Watson Street is a Housing & Urban Development Department complex for lower-income elderly residents.
Citizens Bank in Batesville provided a loan of more than $1 million. The seller was Watson Street Apartments Inc. of Springdale, led by Laura Tyler.
Vintage Clothing
The former home of the vintage clothing store Crimson & Clover in Fayetteville sold for $850,000.
Matthew Taylor and Stephanie Ouyoumjian of Farmington bought the 3,084-SF retail store on South Government Avenue.
First Security Bank of Searcy provided a loan of $680,000.
Owner Darcy Ames Harris opened Crimson & Clover in 2017. The store announced on social media that it would close May 10.
The sellers of the property were Edward and Anita Hejtmanek of Fayetteville. They had acquired the property for $21,000 in 1990.
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