Bentonville real estate developer Blue Crane completed a real estate acquisition for approximately 54 acres in Bella Vista in three separate deals totaling $33.9 million, laying the groundwork for future developments. The property acquired lies east of U.S. Highway 71 Business and includes the 9.5-acre, 48,000-square-foot Sugar Creek Shopping Center, a multi-tenant shopping center anchored by a grocery store, Allen’s Food Market. The remaining land is north and east of the shopping center.
“Growing up here, Bella Vista was my backyard,” Tom Walton said. “We loved exploring all the nooks and crannies of this special place. As the region becomes a premier destination for cycling, golf and outdoor recreation, we want to preserve Bella Vista’s tradition of connecting people to nature through our investments locally.”
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