January 17, 2007 Edition

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WBC acquires industrial property

Williams Baptist College has acquired a large industrial building and over six acres of land adjoining the school's campus. The college said it received the property, valued at over $1.1 million, through a special offer from the previous owner, MMR Corporation.

"In technical terms this is a purchase, but it is actually a very generous gift to the college," said Williams President Jerol Swaim. "MMR Corporation made this property available to us for a fraction of its appraised value, and we are extremely grateful to receive it."

The building houses the Robert Bosch Tool Corporation's National Reconditioning Center, and Swaim noted that the factory will be unaffected by the change in the property's ownership.

"WBC has had a great relationship with the Bosch Corporation for many years, and having them occupy the plant is one thing that makes this property very attractive to us. We have no plans at all for the property other than having the plant continue operating just as it has before," Swaim said.

The property consists of a 76,000-square-foot building on approximately 6.5 acres of land at the east end of Fulbright Ave. The WBC campus borders the property on two sides.

"This completes the block for us, and it squaresup that section of land nicely for the college," Swaim said.

The building formerly housed the Miller Golf Bag plant, which was operated by the MMR Corporation. "I want to thank Richard Rantzow and Fred Miller of MMR for their generosity and for their consideration of Williams. They made it possible for WBC to acquire this property, which is a natural fit for the college," said Swaim.

Williams' campus, which is over 180 acres in size, is located near the Walnut Ridge Regional Airport and Industrial Park.

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