This 13,416-SF building at 1374 Carley Road in Springdale recently sold for $875,000.
A Los Angeles developer has taken ownership of a Rogers shopping center in a $6.57 million deal.
Michael Development Corp., led by president Joseph Michael, is the new owner of the Frisco Station Mall, a 243,933-SF development on 25 acres at the corner of Dixieland Road and Walnut Street.
The listing price of the property was $8.38 million.
J. Herzog & Sons of Denver was the seller.
Simmons Bank in Rogers provided financing with a five-year mortgage of $4.88 million.
T.J. Lefler with Sage Partners of Fayetteville represented the seller and was the previous leasing representative of the mall.
Reggie Greer and Matt Greer with RG Real Estate Services in Bentonville represented the buyer.
The shopping center is 83 percent occupied, and is anchored by Hobby Lobby. Other national tenants include... [ MORE ]