Grand Bancorp Inc. paid $1.6 million for this 3,552-SF building at 4201 Pleasant Crossing Parkway in Rogers. The building is undergoing minor renovations, and once the branch is approved by bank regulators, Grand Savings Bank will open its sixth Arkansas location there this fall.
A previously bank-owned industrial property centrally located in Bentonville is now locally owned after a recent sale worth $1.75 million.
Local businessmen Matt Mawby and Dean Eisma, through their Metro West LLC, bought at auction the 30,000-SF building at 2501 S.E. Otis Corley Drive, just off Southeast 28th Street.
The purchase price equals $58.45 per SF.
Colliers International in Bentonville was the listing broker, and online real estate auction house Ten-X handled the auction.
U.S. Bank N.A. foreclosed on the property in November 2015.
California investor Scott A. Walchek bought the property for $3.15 million in August 2007. MAD Development LLC, led Mark Marquess and Dan Dykema, was the seller.
The single-tenant building, 85 percent warehouse and 15 percent office space, was built on 3.07... [ MORE ]