Arkansas industrial building snags buyer

Forrest City property changes hands in $1.8 million deal

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An industrial property in Forrest City, Ark., has been sold for $1.8 million. The 256,700-square-foot building is situated on 37 acres located at 3105 N. Washington in Forrest City. The one-story building previously was used for manufacturing and assembling hoists for the automotive and marine industries. It features block and metal walls; 6-ince reinforced concrete floors; ceiling heights to 17 feet; 100 percent sprinkler system; all utilities; 35,800 square feet of modern office space; air compressors; and multiple dock-high and grade-level doors. Philadelphia-based Binswanger represented the seller, Columbus McKinnon, an Amherst, N.Y.-based designer and manufacturer of material handling products. The buyer, Lindsey Cotton Manufacturing LLC, is a private investor. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....