Marlon and Meryati Blackwell of Fayetteville, through their Gratitude Projects LLC, bought this vacant building at the corner of College Avenue and Center Street in Fayetteville for $475,000.
A pair of commercial buildings in Bentonville totaling nearly 100,000 SF recently sold for $7.4 million.
According to a warranty deed, DEI Property Management LLC (managed by Dean Eisma), DBR Properties LLC (managed by Jeff Engleman) and Ultima Solutions (managed by Joe and Kimberly Grady) are the new owners of the 9.3-acre development at 2501 and 2503 S.E. J St.
J Street Development Inc., led by Robert L. Laman, was the seller.
First National Title Co. in Bentonville was the title agent.
Arvest Bank of Fayetteville provided financing with a 15-year mortgage of $6.29 million.
The Rogers office of Lindsey & Associates had the listing.
The office/warehouse buildings — one at 50,000 SF and the other at 43,750 SF — are fully occupied by two tenants.
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