Haag Brown Commercial announced Thursday the sale of the Southwest Drive Business Center, a prominent property just off one of the most important intersections in Jonesboro.
Comprised of three multi-tenant office/retail buildings, the center is situated near the corner of Main Street/Southwest Drive and Highland Drive and is home to multiple long-term tenants including the DMV, Warren Real Estate Group, the Christie McNeill Dance Studio, the Law Offices of Glenn Lovett, Jr., Lipscomb & Pitts Insurance, Wellness Associates of Arkansas, Beyond Therapy, and Barnett Chiropractic.
Traveled by more than 42,000 cars per day, Southwest Drive is a heavily populated retail corridor that serves as a segue from the city’s residential area to the downtown Jonesboro business district.
Haag Brown has been active in developing the area around the intersection of Highland and Southwest Drive over the years. The firm was directly involved in numerous projects including Starbucks, CVS, Dairy Queen, and Southern Bank.
Established by Wayne F. And Virginia R. Baker in 1999, the Southwest Drive Business Center was originally home to Baker Rentals and Sales and Northeast Arkansas Fence Company. After the Bakers passing, the family continued to operate the commercial real estate business as W&V Investments, LLC, taking great pride in the good relationship that was developed with their tenants over the years.
“The family is confident that the decision to be acquired by Haag Brown Commercial is one which will ensure that the properties and tenants will be taken care of with excellence now and in the future.”
– Robin M. Yates, David A. Yates | W&V Investments, LLC
Joshua Brown and Zac Qualls worked closely with W&V Investments, LLC to negotiate the deal and purchase the center.
“The SW Drive Business Center is a landmark property in one of those rare locations you simply cannot replicate. It was a blessing to go through the transaction with Mr. David and Mrs. Robin Yates. We’ve had a long-term, meaningful relationship and they are simply some of my favorite people in Jonesboro.”
– Joshua Brown | Haag Brown Commercial
Plans are in place to modernize and revive the center by updating signage, adding new landscaping, and giving the exterior a dramatic before and after. Progress has already started on the re-development project.
ABOUT HB: Established in 2010 and based in Jonesboro, AR., Haag Brown Commercial Real Estate & Development is the region’s authority in commercial real estate that specializes in retail project development, tenant representation, and investment advising for commercial properties in Arkansas and surrounding states. Partners Greg Haag and Joshua Brown lead Haag Brown Commercial and their clients to success by placing clients’ needs ahead of their own while striving to excel in quality innovations and value of services in order to be a Philippians 2:4 company.
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