comreguy, on Sep 17 2008, 09:58 AM, said:
I read your post the first time. Your source claimed that Arvest was assuming or "taking over" two of the notes on the building. It is a fact that Arvest had nothing to do with the sale to W/M.
The word has been floating around for two months or more about Big Blue purchasing Superior. The owners are solvent and not in trouble with any bank, anywhere.
Just pointing out that your Arvest rumor was just that, a rumor.
Good scoop on the building sale though.
comreguy,
I apologize for bringing up Arvest. When my source told me about this he didn't in any way whatsoever suggest (that i could discern) that any of the building's owners were in trouble or insolvent. I misunderstood and thought you believed I was saying Arvest was going to take over (as in "make its corporate headquarters") in the building - sorry about that. Glad to know for what it's worth they weren't involved in the Superior building.
Regardless, it's very significant for Bentonville what has happened this past week with the Superior sale. .
My same source said this week:
1. THe office building immediately west of the White Oak Station on Moberly and Central, which used to be pretty much a see-through, is just about fully leased. (Maybe with a few former Superior customers). Interesting because that building's sat mostly empty for about four years.
2. He knows a man who's doing significant development(s) on Rainbow curve in sw Bentonville (I'm assuming he's meaning the south side because the north side is just about built). He says a lot is going to be built there, FWIW.