27-Acre MXU Breaks Ground in Arkansas

Sage Partners and Griffin Company Realtors broke ground on Parkway Plaza, a Class A office and mixed-use development in Springdale, AR. The 27-acre site includes commercial lots for sale envisioned for a hotel or restaurant, ground lease and build-to-suit options, as well as Class A multi-story office buildings. Sage Partners is teaming up with Southwest

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Walmart’s Automatic Pickup Machine (APM) – Order Up?

With the holidays right around the corner, one Walmart store located in Bentonville, AR is testing a giant tower that spouts out online orders, in the same fashion that a vending machine works. To offer customers the most timely delivery for in-store pick-up of products, the massive machine houses products inside until an online order

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Wichita Falls Welcomes All of Amfuel

American Fuel Cell & Coated Fabrics Co. (Amfuel) announced it is officially closing up shop in Magnolia, AR, and relocating 100% its operations to Wichita Falls, TX. Many of the 300 employees impacted have been offered transfers to the Texas plant. Amfuel is no stranger to Wichita Falls.  Early this year, it began operations inside

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Lowe’s Returning to Little Rock

Lowe’s Home Center is returning to little Rock, AR, courtesy of a 17-acre purchase. The land, which the home improvement retailer acquired from four sellers for a little more than $6.1 million, is at Kanis and Bowman Roads. The 113,900-square-foot building slated to go north on the site would be the first Lowe’s in Little

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Strawberry Fields REIT Snags Two-State Skilled Nursing Portfolio

South Bend, IN-based Strawberry Fields REIT LLC acquired nine skilled nursing facilities located in Arkansas, and one facility located in Kentucky in two separate deals. The combined purchase price was $42.4 million, and Strawberry Fields financed the acquisition with the issuance of $33 million in secured corporate debt. The portfolio of nine properties was acquired from The

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Simmons First Nat’l Pays $77M for Citizens National

Simmons First National Corp., headquartered in Pine Bluff, AR, has closed on its acquisition of Citizens National Bancorp. Simmons’ $77-million buy of the Athens, TN-based Citizens National will allow Simmons to expand further east in Tennessee. The Arkansas bank already has 37 Tennessee branches, which came from its 2015 acquisition of First State Bank of

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AdCare Sells Nine Arkansas Properties for $52M

AdCare Health Systems Inc. headquartered in Atlanta, GA, sold nine skilled nursing centers in Arkansas to the centers’ operator, Skyline Healthcare LLC. The seller received $52 million from the sale of the assets. The seller will use the proceeds to repay mortgage or other debt. Skyline Healthcare signed a master lease and option to purchase

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Chinese Manufacturer Invests $410M into Arkansas Factory Conversion

Connect Industrial is headed to Chicago, June 28th. Here’s where to get more details and register. China’s Shandong Ruyi Technology Group plans to invest $410 million to renovate the former Sanyo manufacturing plant in Forrest City, AR, on Interstate 40 between Little Rock and Memphis, TN. The 1.4-million-square-foot facility will be converted into a textile factory for roughly

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Nucor Spending $230M to Build Arkansas Cold Mill

Nucor Corp. is supersizing its presence in Blytheville, AR by investing $230 million to build an additional cold mill at the site of its current sheet mill. The expansion at 7301 County Rd. 142 is anticipated to take two years, and bring employment at the plant to 750 workers. Ducker Worldwide is estimating that the

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