Haag Brown Commercial Buys 10 NEA Clinics for $14M

Haag Brown Buys 10 NEA Clinics for $14M

"This acquisition is the culmination of conversations that have been taking place over a period of years …," Haag Brown Commercial Principal Joshua Brown said in a news release. "Many people think of Haag Brown as a retail development company, but we are also extremely active in medical related real estate development."

"We've had a company goal to become more of a medical development company over the next two to five years, and this charts us down that path," Brown said.

"It is likely the largest real estate deal in our trade area since the sale of the Turtle Creek Mall … It is the biggest deal we acquired," he said. NEA Baptist CEO Brad Parsons said NEA has "significant plans in store for expanded services and conveniences for our patients and this partnership lays the foundation to begin implementation."

By Arkansas Business Staff :

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