SHOPPING MALL SELLS FOR $10 MILLION IN JONESBORO, ARK.

JONESBORO, ARK. — Jonesboro-based MBC Holdings purchased Indian Mall, a 326,480-square-foot shopping mall in Jonesboro, from an undisclosed seller for $10 million. The mall is situated on a 32-acre site and includes a Dillard’s Outlet Store and a Sears department store and freestanding Sears Auto Center. The property is located at 1901 Caraway Rd. Matthew Sullivan of Colliers International’s Los Angeles office and Steven Lane of the firm’s Bentonville, Ark., office represented the seller. John White of Jonesboro-based John White Real Estate represented the buyer.