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I C Bus property sells for $1.8M

Posted: May 19, 2014 - 3:02pm
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Diamond State, LLC purchased property formerly belonging to school bus manufacturing giant,  IC Bus, LLC, for $1.8 million including an existing 60,000 square foot industrial building and 17.5 acres at the intersection of South German Lane & Dave Ward Drive.
Diamond State, LLC purchased property formerly belonging to school bus manufacturing giant, IC Bus, LLC, for $1.8 million including an existing 60,000 square foot industrial building and 17.5 acres at the intersection of South German Lane & Dave Ward Drive.

Diamond State, LLC, a sister company to Douglas Companies, has purchased the property formerly belonging to school bus manufacturing giant, IC Bus, LLC for $1.8 million.

The property includes an existing 60,000 square foot industrial building and 17.5 acres at the intersection of South German Lane and Dave Ward Drive.

Diamond State, LLC purchased the property to expand its distribution presence in the area.

Founded in 1973, Douglas Companies’ primarily tobacco and candy driven distribution network has operated out of Conway since 1978 and grown tremendously.

It plans to build a new distribution center and commercially develop the southwest corner of the site.

Newmark Grubb Arkansas, a commercial real estate firm with offices in Central and Northwest Arkansas, brokered the sale.

Philip Hiegel, a Conway specialist with Newmark Grubb Arkansas, brokered the sale and exclusively represented the Seller, IC Bus LLC.

(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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lancejgosnell
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lancejgosnell 05/20/14 - 02:02 am
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Well, jobs are a good thing

Well, jobs are a good thing and these jobs, if the company creates more jobs will be a much needed type of job in this town rather than the so-called service sector jobs.

However, I was rather looking forward to the property being developed into a shopping center with maybe a HyVee (typically a northern grocery chain) or something completely original & local.. Co-Op retail ??? google Willy Street Coop

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