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Two doctors purchase 53 acres off I-40 for $3.25M

Posted: April 1, 2014 - 4:55pm
The parcel of land bought by Maly Farms, Inc. is 52.66 acres, according to Faulkner County Property Assessor records.
The parcel of land bought by Maly Farms, Inc. is 52.66 acres, according to Faulkner County Property Assessor records.

Two Conway physicians purchased nearly 53 acres of farmland at the corner of Thomas G Wilson Drive and Dave Ward Drive in a $3.25 million transaction.

Maly Farms, Inc. purchased 52.66 acres from the Fabian Dussex Revocable Trust for 3.25 million on Dec. 6, 2013, according to records from the Faulkner County property assessor.

Maly Farms, Inc. is a for profit corporation owned by Dr. James Thomas, authorized official of Central Arkansas Heart Center at Conway Regional Medical Center and physician of Arkansas Heart Hospital, and wife Dr. Smitha Thomas, a primary care physician for a family practice of the Central Arkansas Veterans Healthcare System.

James serves as president of Maly Farms, Inc. and Smitha is incorporator and secretary.

The property is located across the street from the recently announced Lewis Crossing Shopping Center commercial development proposed for the former Lewis Livestock Auction Co. site.

The nearly 400,000-SF shopping center will include Sam’s Club, Academy Sports, Bed, Bath & Beyond and a number of shops and outparcels off of I-40.

James was part of a group of 11 Central Arkansas doctors who announced plans to build a 130,000-SF medical facility known as Central Heart and Surgical Hospital at Exchange Avenue and United Drive in 2008.

The site for the proposed hospital ultimately became the future home of Baptist Health’s 200,000-SF medical center, and the Central Heart and Surgical Hospital was never constructed.

At the time, a second health care facility, founded by Conway Regional Medical Center doctors, created concern among Conway Regional administration.

With the announcement of Baptist Health Medical Center — Conway, Conway Regional’s Board of Directors is seeking affiliation options, including partnering with another health care provider.

John Patton, Conway Regional Medical Center marketing coordinator, said the hospital was not involved in the Maly Farms, Inc. purchase.

Dr. James Thomas and Dr. Smitha Thomas could not be reached for comment by press time Tuesday.

(Staff writer Michelle Corbet can be reached by email at michelle.corbet@thecabin.net or by phone at 505-1215. Send us your news at www.thecabin.net/submit)

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Nopenopenope
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Nopenopenope 04/02/14 - 12:19 pm
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Dr. James Thomas has not been

Dr. James Thomas has not been affiliated with Conway Regional for a year or more.

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