The Story of Our Kmart Purchase

Watch the Fox 16 story of our Kmart purchase reported at 9 pm on December 16, 2012.
Scroll down for further details of our purchase.

God Will Provide

From Building a Healthy Multi-ethnic Church by Mark DeYmaz. San Francisco: Jossey-Bass, 2007.

Not long after Linda had rekindled my faith with her words, I learned that a 100,000-square-foot facility just a few blocks east of us had been sold. Situated on a 10-acre piece of property, the building rests on one of the busiest corners in the state of Arkansas. More important, it’s located directly across the street from UALR and is in the heart of the University District, the most diverse area of the city. In addition, it borders an area with the highest instance of violent crime in Little Rock and, according to the 2000 census, 21.5 percent of people living in the area live at or below the poverty line. In other words, it is right where we want to be!

So when I received a call alerting me to its sale, I was sick! For more than a year, two men had tried to acquire this property, in part, to provide long-term space for the church. Unfortunately, they had not been successful, and this facility (which once housed a Kmart) was sold to a local businessman, the owner of Office Furniture Supply (OFS, Inc.).

With discouragement swirling within me, I called Linda to share the news. And when I did, she said, “This doesn’t make sense! You know that for more than three years I’ve told you, every time I drive by that building I see the flags of Mosaic flying over it. I just know God’s going to give it to us, Mark; I’m sure of it! The story’s already been written and God has the perfect place for us. It’s already done! We just need to pray right now that he’ll show us where it is and soon, whether that’s the old Kmart building or somewhere else.” So together, we then prayed and concluded our call. Linda had encouraged me, but still I was concerned.

Next I called Harry. After I had filled him in, he told me that he had once purchased a house on a desirable piece of property just outside Moscow, Idaho. On the very day that he did, however, another man approached him wanting to buy it. The man made an offer, and Harry accepted it, flipping the home he had just purchased for a profit. “Perhaps,” Harry said, “the new owner of the facility would do the same for us.”

“Say no more,” I said, and springing into action, I quickly placed a call—cold turkey—to OFS, Inc. Fortunately, the owner, Mike Montgomery was in, and I introduced myself over the phone. Indeed, he had secured the property and was in the process of closing the deal.

Trying not to sound desperate, I nevertheless found myself saying, “What if we were to give you $500,000 more than you are paying for the property? Would you be willing to sell?”

By that time, we had talked for about ten minutes, and Mike suggested we continue our discussion in person. Filled with optimism, I rushed over to see him. And within ten minutes of my arrival, Mike made it clear: “Someday, Mark, your church is going to own this property. And I can assure you, it has nothing to do with money!”

“You see,” Mike said, “eleven years ago, I was a homeless drunk sleeping behind ‘your’ Wal-Mart. I was eating food out of the dumpster at McDonald’s, and my only light came from the candles I would occasionally purchase for $1 right here in the Kmart. One day, though, someone came by and left a tract—I don’t even know who it was—but after reading it, I began attending Alcoholics Anonymous (AA) meetings.

In time, I sobered up and soon gave my life to Jesus Christ. And for four years now, I have watched your church grow and minister to ‘my people’ here in the community. It would thrill me, Mark, to see Mosaic permanently located here!”

Quite frankly, I was blown away! As we talked, tears began to flow from his eyes and mine. Somehow we both sensed that this was a holy moment, a divine appointment in which we had been led together into the presence and power of the Holy Spirit. And in that moment, Mike became our “Esther,” a man positioned for such a time as this.

When I returned to the church, I again called Linda to share with her all that had happened in a very brief time, and we began to cry tears of joy. She told me that after we had talked earlier, she had spent more time in prayer and had been led in God’s word to 2 Chronicles 7, where Solomon, together with the people of Israel, dedicate the Temple. Reading from the passage, she shared the very words that our hearts were bursting to express: “When all the people of Israel saw the fire coming down, and the glorious presence of the Lord filling the temple, they fell down on the ground and worshipped and praised the Lord, saying, ‘He is so good! The faithful love of the Lord endures forever!’” (2 Chronicles 7:3).

With these words, Israel had finally received and dedicated the Temple and we now realized that Mosaic, too, would one day receive and dedicate a building of its own in which to worship God—the old Kmart, after all! It was a fitting end to the roller coaster of emotions we had ridden that day, April 20, 2006.

To make a long story short, we then had Mike and his wife, Monica, together with their children, come and share his testimony at Mosaic on November 19, 2006. And a few weeks later, he was back again, this time to sign a contract with us in front of the body. At that time, we agreed to buy the property within the next three years for $2,000,000—only $20 a square foot—for which we will receive the 10-acre site, the 100,000 square-foot facility, and 500 parking spaces to call our own. What a thrill it was to give him the $100,000 we had saved as a down payment! But wait, there’s more.

The following week, we received another anonymous check in the mail—you guessed it, in the amount of $100,000—as well as a $250,000 matching gift pledge. Amazingly, the phone call informing me of these gifts came one year to the day that we had dismissed our Sunday service early to conduct a prayer walk on the old Kmart grounds. And as part of the contract, Mike agreed to deduct $300,000 off the purchase price at the time of closing. Therefore, we will need a total of only $1,700,000 to make the purchase; as I write, we are nearly halfway there! God is, indeed, answering our prayers, not only for a facility but also for the miraculous provision of it so that, in the end, we will all be able to say, Not by might, not by power, but by the Spirit it has been done. Gloria a Dios!

Admittedly, throughout more than twenty years of full-time ministry, I have not often viewed praying or waiting as intentional steps. Of course, I know I am “supposed” to pray, but I struggle with a temperament compelled to action. Through my experience at Mosaic, however, I am learning to embrace the tension and more fully abandon myself to this principle: Sometimes intentionally, I must wait upon the Lord.

To wait patiently on God to reveal his will, his way, and his time runs contrary to my very personality and to all that the world says will lead me to success. But in and through this ministry, and more so than in any other place I have been, I have seen God work in ways that cannot be otherwise attributed to the ingenuity of man. At such times, I feel his power and his pleasure. At such times, I know that he is really the One building a healthy multi-ethnic church!

Three Presents to the People of Mosaic

Christmas, 2012

Present #1 (Facilities)

We own the former Kmart! And for what it’s worth, whatever it means, the final signatures were obtained right about 12:12p on 12.12.12! Crazy; yeah?!

Here's the details ...

1. We purchased the building for $2 million per a contract we signed six years ago, in December 2006, to do so by December 31, 2012.
2. At that time (2006) we put $100,000 down on the property, with 100% of these funds to the purchase price.
3. In December 2009, we put an additional $100,000 down on the property, again, with 100% of this money going to the purchase price.
4. At the time of closing, the owner gifted $300,000 to the church as part of the original agreement.
5. So, on Wednesday, December 12, 2012, we put an additional $400,000 down, and Arvest Bank loaned us $1.1 million to complete the purchase.

Present #2 (Programs)

We leased 60,000 sq. ft. of the nearly 100,000 sq. ft. property back to OFS, Inc., at the time of closing, for a period of one year!

Here’s the details …

1. For an undisclosed amount, the full year’s rent was deducted from the purchase price at the time of closing.
2. The amount collected is enough to cover our initial mortgage payment for a period of one year.
3. This means that we will not be paying for two properties at the same time while we raise the necessary funds to begin initial renovations and ultimately move from the old Walmart to the old Kmart!

Present #3 (People)

We could not have gotten to this point without investments of time, talent, and treasure, from the following individuals whom we most importantly celebrate today!

1. Mike and Monica Montgomery (owners of OFS. Inc.), who sold us the building in obedience to Christ. Read the full story here on our website
2. Joe Park of Horizons Stewardship who helped us organize as a church, give generously, and Move Toward Maturity over the past couple of years.
3. David Dial, Ellis Vestal, and Jody Forehand, of Visioneering Studios, our architects who have helped us envision and prepare to someday redeem this facility to the glory of God and as a blessing to the community.
4. Dexter Lewis from Arvest Bank who has consistently championed and believed in our cause. Indeed Mosaic recognizes and thanks Arvest for being a bank fully committed to the community (72204) and revitalization of Little Rock’s emerging University District.
5. David Simmons who from the beginning has provided Christ-centered, competent representation as our attorney.
6. Several Christ-centered businessmen outside of our church who, through the years, have made significant financial contributions towards helping us acquire the building and plan for initial renovations.
7. You, the wonderfully diverse people of Mosaic Church of Central Arkansas whose prayers, patience, persistence are literally changing the face of the American church, and right here at home, bringing about real community transformation in 72204, beyond rhetoric to results, for the glory of God.*

*Real Community Transformation: Beyond Rhetoric to Results for the Glory of God by Mark DeYmaz (published by Leadership Network, 2012) is an eBook available on iPads and iPhones. Go to the App Store, download the free Leadia App and then the eBook for just $5.99. More information is available here.