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Metacycle, a custom plastic injection molding company, will use the Siloam Springs facility at 1700 E. Quarter Road as its main manufacturing facility.
A 386,416-square-foot industrial building in Siloam Springs recently changed hands for $16.3 million. The purchase price equates to $42.18 per square foot.
Sold by Simmons Pet Food Inc. of Siloam Springs the 58-acre property at 1700 E. Quarter Road to Store Master Funding XXXII LLC, an affiliate of Store Capital Corp. of Scottsdale, Ariz.
Store Capital has entered into a 20-year lease agreement with Metacycle LLC, an affiliate of Little Rock-based Arcane Capital Partnersa private investment company.
Marshall Saviers from Cushman & Wakefield/ Sage Partners in Rogers is representing Simmons Pet Food. Ted Dickey from Lighthouse Asset Advisors in Litte Rock represented Arcane Capital Partners.
Metacycle, a custom plastic injection molding company, will use the Siloam Springs facility as its main manufacturing facility.
“We are excited about what the future holds for our new Siloam Springs facility and are grateful to all parties involved in making this acquisition possible,” said Arcane managing partner and CEO Michael Hickmon. “This acquisition will allow us to better serve our customers with a larger, more integrated, and more capable best-in-class facility.”
Simmons Pet Foods took ownership of the property in September 2022 in a $6.2 million deal.
Simmons Foods, the parent company, bought the property out of bankruptcy in 2009 for $2.6 million. Patio furniture manufacturer Syroco Inc. the seller. Syroco closed in June 2007.
