Kum and Go sells undeveloped Downtown Jonesboro property to residents

Kum and Go sells undeveloped Downtown Jonesboro property to residents

JONESBORO, AR (KAIT) - The undeveloped land at the corner of Main and Cherry streets has been bought by Preserve Main Street, LLC, an organization formed by neighboring property owners who

to build a new convenience store on the land.

They closed on the property earlier this week, according to a news release from Carrol Caldwell of Caldwell Banker Village Communities and Jerry Halsey Jr. of Halsey, Thrasher, Harpole representing Kum and Go.

"Kum and Go has responded to requests from the local neighborhood and allowed their position to purchase the property to be taken by local residents," Halsey said.

“We appreciate the input we received from neighbors and community leaders about this project. This was the appropriate business decision for us to make, and we appreciate the opportunity to support the community and serve customers throughout our 14 stores in Northeast Arkansas,” Senior Vice President of Store Development for Kum and Go, Niki DePhillips said.

Caldwell, who represented the sellers, said he was pleased that a deal was reached where all parties could be satisfied.

"My clients are very happy," Caldwell said. "As residents of Jonesboro, they were excited to be part of a positive solution to the concerns surrounding the property. In the end, it was a win-win-win for everyone concerned."

In a statement released by Preserve Main Street, they expressed their appreciation for those who helped them make this purchase.

"We express our sincere and heartfelt appreciation to all the members of the Jonesboro community who made their opinion clear that historic Main Street was not the right place for a convenience store," the release stated. "We are grateful for all the support we received from so many people, businesses, groups and organizations."

The group also thanked the city council, Jonesboro Mayor Harold Perrin, members of his administration, the city attorney and the citizen members of the MAPC for their roles in the process.

The release also said there is no definitive plan yet for the development of that site. The organization said they, "look forward to the opportunity to identify a use which will allow the property to achieve its character as the gateway to our beautiful and historic downtown."

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