Waltons' development company buys Bella Vista land

Follow the money: The purchase includes the 9.5-acre Sugar Creek Shopping Center, where Allen's Food Market is located.

• Most of the other property is north and east of the shopping center and is largely undeveloped.
• The group also acquired a gas station just south of the shopping center, the Business Journal reported.

Between the lines: The company is developing Bentonville Cycling Center, a 160-acre outdoor recreation area dedicated to cycling.

• The area, known as Ironhead, is south of Bella Vista in north Bentonville.

The bottom line: "We see a great opportunity to invest in Bella Vista," Farris DeBoard, vice president of Blue Crane said in an emailed statement.

• "While we haven't finalized plans yet, we look forward to engaging with the community to create more opportunities for business to thrive, people to connect with nature and to complement all the outdoor amenities."