Fayetteville businessmen George Niblock, an attorney, and Ted Belden, a developer-slash-investor, have been dealing, and a couple of their recent transactions are worth noting.
Niblock recently sold the building that houses The Niblock Law Firm — founded by his father, Walter Niblock, in 1961 — to Belden for $1.3 million. The three-level building at 324 N. College Ave. has roughly 5,400 SF. It was built in the 1920s as a stately mansion, and purchased by Niblock in 1999 for $350,000. It went through a seven-figure renovation before the law firm moved in.
For the short term, Belden has leased back the space to Niblock, and the law practice will remain there. But George Niblock Jr., who runs the family’s development and investment interests through Niblock Ventures Inc., said... [ MORE ]