MBC Holdings Buys Region's Bank Building in Jonesboro

JONESBORO, AR (KAIT) - The development group MBC Holdings LLC has acquired new property after they purchase the main Region's Bank building on Highland in Jonesboro.

The building will be renamed MBC Plaza but tenants will be unaffected by the transaction.

The building, built in 1994, is a 47-thousand square foot structure home to the Arkansas State University administrative offices as well as the Burrow-Halsey Realty Group.  It's also one of the largest commercial structures in Jonesboro.

Selling the building is American Financial of Jenkintown, Pennsylvania.

MBC Holdings has been a tenant in the structure for more than 10 years.