REBusinessOnline

Arkansas

NAS Purchases 30,829 SF Office Building in Bentonville, Arkansas

BENTONVILLE, ARK. — NAS Investment Solutions has acquired a 30,829-square-foot office building in Bentonville, along with five tenants-in-common (TIC) co-owners. Nick Viscount and Tim Winton of Keystone Mortgage Corp. arranged a 10-year, fixed-rate loan for the acquisition on behalf of the buyer. Other terms of the transaction were not disclosed. The property features a brick-and-glass architectural design and was solely occupied by a Fortune 500 company at the time of sale.

December 15, 2017

Doughtery Mortgage Arranges $23.9M Fannie Mae Loan for Apartment Asset in Little Rock

LITTLE ROCK, ARK. — Dougherty Mortgage LLC has arranged a $23.9 million Fannie Mae loan for the refinancing of Bowman Pointe Phase I, a 217-unit multifamily community in Little Rock. The Minneapolis-based company arranged the 10-year loan with a 30-year amortization schedule on behalf of the borrower, Bowman Pointe LLC. Bowman Pointe features a business center, clubhouse, virtual fitness studio, fitness center and a resort-style pool with cabanas.

November 8, 2017

Hunter Hotel Advisors Arranges Sale of Two Hotels in Bentonville, Arkansas

BENTONVILLE, ARK. — Hunter Hotel Advisors has arranged the sale of two hotels in Bentonville: the 78-room TownePlace Suites by Marriott and the 130-room Candlewood Suites Rogers. Investra Capital Inc. purchased both assets for an undisclosed price. Hospitality Ventures Management Group was retained to manage the extended-stay hotels. Both properties feature indoor pools, fitness centers and business centers, and are located near the Walmart World Headquarters.

October 23, 2017

HREC Arranges Sale of 150-Room Hotel in Hot Springs, Arkansas

HOT SPRINGS, ARK. — HREC Investment Advisors has arranged the sale of Clarion on the Lake, a 150-room hotel in Hot Springs. A regional hotel owner/operator purchased the asset for an undisclosed price. Kevin Hanley and Patrick Culligan of HREC represented the undisclosed seller in the transaction. The hotel is located on the shore of Lake Hamilton and features a swimming pool, outdoor cabana bar, volleyball court, picnic area and a playground.

August 28, 2017

GBT Realty Delivers $36M Shopping Center Near Little Rock

BENTON, ARK. — GBT Realty has opened The Shoppes of Benton, a $36 million shopping center in Benton, roughly 25 miles southwest of Little Rock. The 170,000-square-foot center is home to tenants including PetSmart, Kay Jewelers, Maurices, Texas Roadhouse, T.J. Maxx, HomeGoods, Ulta Beauty and Hobby Lobby. Tuesday Morning, Avalon Nails, Flowers & Home, All Aboard Restaurant & Grill, Red Robin and Freddy’s Frozen Custard and Steakburgers are expected to open by the end of the year. The..

August 18, 2017

KeyBank Structures $29.5M Loan for Student Housing Property Near University of Arkansas

FAYETTEVILLE, ARK. — KeyBank Real Estate Capital has secured a $29.5 million loan for Sterling District, a 198-unit student housing community in Fayetteville, less than a half mile from the University of Arkansas campus. Caleb Marten of KeyBank structured the fixed-rate, first-mortgage loan with seven years of interest-only payments through a correspondent life company relationship. Sterling District features a swimming pool, hot tub, fitness center, study rooms, game rooms, cyber café and..

July 28, 2017

REIT Acquires Student Housing Property Near University of Arkansas for $57M

FAYETTEVILLE, ARK. — Strategic Student & Senior Housing Trust Inc., a REIT focusing on student housing and seniors housing acquisitions and sponsored by SmartStop Asset Management LLC, has purchased a student housing community near the University of Arkansas for $57 million. Known as The District, the 592-bed community is located at 376 W. Watson St. in Fayetteville, roughly a half-mile from the university’s campus. The 198-unit property includes one-, two-, three- and four-bedroom,..

June 29, 2017

Ziff Properties Acquires Shopping Center in Little Rock for $7.1M

LITTLE ROCK, ARK. — Ziff Properties Inc. has purchased Bowman Curve Shopping Center, an 81,271-square-foot retail development located near the intersection of North Bowman Road and West Markham Street in west Little Rock. Mason Lewis and Todd Rice of Colliers International represented the buyer and seller in the $7.1 million transaction. The company plans to invest in cosmetic and structural renovations for the center.

June 27, 2017

Walmart Agrees to Acquire Apparel Retailer Bonobos for $310M

BENTONVILLE, ARK., AND NEW YORK CITY — Walmart (NYSE: WMT) has agreed to acquire online apparel retailer Bonobos Inc. for approximately $310 million in cash. Walmart, the giant discount department store chain, expects to complete the transaction by September. The announcement comes on the heels of Walmart’s acquisition of online women’s apparel retailer ModCloth in March. Founded in 2007 by Andy Dunn and Brian Spaly, New York-based Bonobos designs and sells its own brands of..

June 19, 2017

Chinese Textile Company to Invest $410M for Manufacturing Facility in Forrest City, Arkansas

FORREST CITY, ARK. — Shandong Ruyi Technology Group (Ruyi), a textile manufacturer based in China, plans to invest $410 million into the former Sanyo manufacturing facility in Forrest City. The facility will be the company’s first property in North America. Ruyi plans to employ up to 800 people at the plant, with plans to begin renovations in the fourth quarter of this year. The property has been vacant since Sanyo shut down production in 2007. Ruyi will use the facility to take 200,000..

May 19, 2017