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Alotian acquisition.

The chief executive officer of Stephens Inc. added some more elbow room to his exclusive Alotian Golf Club development in west Pulaski County.

The Alotian Club LLC, led by Warren Stephens, bought 275 acres adjoining the western and southern boundary of his spread.

The transaction with Deltic Timber Corp. of El Dorado was valued at $4.1 million.

You might recall that Stephens started the project with an 875-acre deal in 2001. That $2.18 million purchase also involved Deific Timber.

The property is on the south side of Highway 10 near Maumelle Harbor.

You also might remember that Stephens followed that up with a near $1.2 million acquisition related to the golf development.

That 2002 transaction encompassed 300 acres of farmland east of Highway 300 between Roland and Natural Steps. The property supplied top soil for the Alotian golf course.
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Title Annotation:Whispers
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 8, 2004
Words:142
Previous Article:Bank on this.
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