A new Sam’s Club warehouse in Springdale is a step closer to development with the completion of two land deals totaling $12.4 million.
According to Washington County property records filed March 2, Sam’s Club, a division of Wal-Mart Stores Inc., now owns 70.4 acres on South 56th Street near U.S. Highway 412. The location is just west of Interstate 49 near Arvest Ballpark.
Sam’s Club bought 67.5 acres for $11.7 million, and an adjacent 2.9-acre parcel for $700,000.
The total price equates to $176,148 per acre.
The seller in both deals was the Shaw family of Springdale, led by businessmen Bobby and Dennis Shaw. They are the sons of the late Willis Shaw, an Arkansas Business Hall of Fame member who pioneered the transportation of live poultry and in 1938 founded what became the... [ MORE ]