America’s Car-Mart Property in Harrison One of 19 Sold

From: KTLO

The announcement this week of the sale of 19 of America’s Car-Mart Inc. includes the Harrison location according to a Talk Business Arkansas report.

The transaction includes properties in Arkansas, Oklahoma and Texas, but the deal won’t impact existing operations for the buy here, pay here used car dealer.

Commercial real estate firm CBRE announced Wednesday the sale of a retail portfolio totaling more than 90,000 square feet of space. The car dealerships were sold to Miami-based Orion Buying Corp. The seller is the Fleeman family, the founders of Car-Mart, according to a news release.

A CBRE spokeswoman said the acquisition price was approximately $17 million.

Jeff Williams, president and CEO of Rogers-based Car-Mart, says the deal won’t affect the company, but it will have a new landlord. All properties included in the deal have existing Car-Mart dealerships in operation.

15 of the 19 properties sold were in Arkansas with three in Oklahoma and one in Texas.

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