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Walmart Purchases Lot for $3.1 Million (NWA Real Deals)Lock Icon

3 min read

Walmart Inc. of Bentonville paid $3.1 million for 4.66 acres on SE Walton Boulevard.

Walmart owns two adjacent parcels, giving the company 8.7 acres on the southeast corner of SE Walton and Dodson Road. Walmart acquired the other parcels in 2014 and 2015.

The recent seller was the Lovell Revocable Trust, led by Jerry Dale Lovell. Eugene and Melvina Lovell acquired the land for $17,500 in 1961.

Former AERT Home

The former home of Advanced Environmental Recycling Technologies in Lowell sold for about $4 million.

AERT was a  company that turned plastic and wood fiber waste into composite building materials. Oldcastle Architectural of Atlanta acquired it  for $117 million in 2017.

The buyer of the 13.5-acre property on South Lincoln Street was Gemini NW Holdings LLC, led by Jim Harp and Holly Smith. The property includes offices and a 40,000-SF warehouse.

Jim Harp is the owner of Quality Millwork in Bethel Heights.

Grand Savings Bank of Grove, Oklahoma, provided a loan of $2.2 million. The seller was Naples Tierra LLC, led by Susan Naples. She acquired the property from MoistureShield Inc. for $2.3 million in 2023.

UAMS Orthopaedics

A Springfield, Missouri, investor paid $3.5 million for a Fayetteville clinic.

Curtis Jared, through his ARCRE Holdings Van Asche Loop LLC, bought the University of Arkansas for Medical Sciences Health Orthopaedics & Sports Medicine Clinic on Van Asche Loop in uptown Fayetteville. The 9,171-SF clinic  opened under the UAMS banner in 2020.

Guaranty Bank in Springfield provided a $2.1 million loan. UAMS will continue at the clinic with a new lease.

The seller was WKC Real Estate LLC, led by Dr. Wesley Cox of Fayetteville.

North Walton Shoppes

A Bentonville retail center sold for slightly more than $2.3 million.

BVI One LLC, led by Hunter Banwarth of Bentonville, bought the 10,040-SF North Walton Shoppes on an acre just north of the home offices of Walmart Inc.

The seller was Gray Horse LLC, led by Steven Lane of Colliers Arkansas.

Lane acquired the property for $1.35 million in 2020 from the Calix Family Trust, led by co-trustees Angel David and Sheila Lynch Calix.

Beaver Lake Home

A 4,653-SF home on Beaver Lake sold for $2.3 million.

Louis Gladfelter, through his 2021 Revocable Trust, and his wife, Karen, bought the five-bedroom, six-bath home, on 3.8 acres on Landwehr Road in Rogers. The home has patios for each bedroom, an office, 1,000 feet of shoreline and a two-boat dock. Arvest Bank provided a loan of $1 million.

The seller was RPC Realty LLC, led by Patrick Cameron of Fayetteville. Cameron acquired the property for $1.25 million in 2017 from Double Honor Ministries of Rogers.

Double Honor is led by Mark Campbell, who bought the home for slightly more than $1 million from John and Amelia Eldridge in 2014.

Scissortail Home

A 3,663-SF home in the Scissortail section of Rogers sold for $1 million.

Rich Krutsch and his wife, Mary, bought the new newly constructed home on South 87th Place.

Krutsch was an executive with ArcBest Corp. in Fort Smith before joining Stephens Inc. in Fayetteville in 2023. Raymond James Bank in St. Petersburg, Florida, provided a $650,000 loan.

The seller was David Harris Construction Co. of Rogers. Harris acquired the land as a construction lot for $78,000 in 2022 from Shawn Inman and Mandi Montz of Cave Springs. n

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