Bill Schwyhart’s 1998 Acquisition of Pinnacle Point in Arkansas

Bill Schwyhart
Bill Schwyhart

Bill Schwyhart is a respected executive in the Arkansas entrepreneurial community and guides Pinnacle Hills as its founder and owner. He has overseen a number of high profile projects including the creation of Pinnacle Hills Promenade, and has also served as Finance Committee chairman with the Northwest Arkansas Regional Airport Authority. Bill Schwyhart’s career was featured in a 2001 edition of the Northwest Arkansas Business Journal.

As described in the article, Mr. Schwyhart’s life profoundly changed in September, 1998, when he got married and the next day leveraged two decades of success in the car dealership industry in inking his largest transaction ever.

The $5 million real estate acquisition was of Pinnacle Point in Rogers, Arkansas, and was the beginning of what turned into a $1 billion project spanning 600 acres of land just off Interstate 49. The purchase resulted in the development of retail shopping centers that have driven commercial growth throughout the four-state region.

Advertisements

Volkswagen World’s Top Auto Manufacturer for 2016

Volkswagen pic
Volkswagen
Image: forbes.com

The founder and co-owner of development firm Pinnacle Hills in Rogers, Arkansas, Bill Schwyhart also had a successful career as an auto dealer. Through Hart Motor Co., Bill Schwyhart sold a number of vehicle brands including Volkswagen.

The German automaker Volkswagen grabbed the top spot as the world’s largest automobile manufacturer for 2016. While the first position had belonged to Toyota Motors for a number of years, Volkswagen produced 10,312,400 vehicles from January to December 2016, beating Toyota’s 10,213,486. The German automaker improved by 3.8 percent over its 2015 production output of 9,930,500 vehicles, despite the serious legal problems it faced over falsifying diesel engine emission figures.

Sales performance in the United States were very impressive, with Volkswagen of America, Inc., reporting 37,229 units delivered in December 2016, a 20.3 percent increase over December 2015 sales. Aside from the Volkswagen brand, the car company’s other global brands include Porsche and Audi.