Coulson Oil to build in NLR business park
Coulson Oil Co., a distributor of gasoline and diesel fuel, plans to build a corporate headquarters in the NorthShore Business Park in North Little Rock, Coulson said Thursday.
Its executive offices have been at 1434 Pike Ave. in North Little Rock for almost 50 years.
Coulson Oil bought the 3-acre property from Pfeifer Family LP #1 for $431,000, according to Pulaski County records.
"We looked at multiple facilities and sites to accommodate our company's rapid growth -- from existing buildings to new construction," John Harris, chief executive officer of Coulson Oil, said in a prepared statement.
NorthShore Business Park, off Interstate 430 at Crystal Hill Road, was the clear winner, Harris said.
CBC Hathaway Group handled the transaction. Fennell Purifoy Architects will design the nearly 15,000-square-foot building with Baldwin & Shell serving as the general contractor.
-- David Smith
Highlands Oncology buys tract for clinic
Highlands Oncology Group has made a deal to build a clinic in Springdale, its second location in Washington County.
Highlands Oncology is under contract to purchase an 8-acre parcel in the Parkway Plaza development. Construction is expected to begin later this year and be complete in 2020, according to a news release.
Plans call for the renovation of the group's North Hills facility once the clinic in Parkway Plaza opens.
"We have long outgrown our space at the North Hills clinic," Kathy Rhodes, chief operating officer for Highlands Oncology Group said in a statement. "The second location will allow for future growth as the demand for cancer services continues."
Founded in 1996, Highlands Oncology employs more than 350, including 16 doctors.
-- John Magsam
Index gives up 0.70; USA Truck advances
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 0.70 to 405.89 Thursday.
USA Truck's 2.5 percent gain led the index.
"Equities retreated following three days of gains with the consumer staples sector underperforming led by tobacco stocks, while the financials sector outperformed on rising Treasury yields," said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 20.7 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 04/20/2018