A 61-bed assisted living facility in Fayetteville tipped the scales at $5.15 million.
Brookstone Manor LLC, led by Michael McLean, bought the 3.6-acre Brookstone Assisted Living Residence at 415 E. Longview St.
Washington Regional Medical Center of Fayetteville was the seller.
Bronson Abstract Co. of Fayetteville was the closing agent.
Brookstone also entered into a lease agreement with Summit Properties-Brookstone LLC, managed by Richard A. Williams.
WRMC bought the land for the development from Harry and Patricia Smith in September 1992 for $1.3 million.
The 42,500-SF development opened in September 1999.
WRMC will use the money from the sale to help establish an in-house neuroscience institute.
A commercial property in the Cottonwood Village addition of Bentonville... [ MORE ]