Arkansas Archives - REBusinessOnline

Cushman & Wakefield Commercial Negotiates Sale of Two Warehouses Totaling 160,000 SF in Maumelle, Arkansas

Abby Cox — Tue, 06 Jan 2026 15:27:56 +0000

MAUMELLE, ARK. — Cushman & Wakefield Commercial Advisors has negotiated the sale of two industrial warehouses located in the Little Rock suburb of Maumelle. The transaction included a 100,000-square-foot warehouse at 700 Burkhalter Commercial Drive and a 60,000-square-foot building at 400 Sharkey Drive. The two-building portfolio is currently 84 percent leased to tenants including United States Postal Service (USPS), Scholastic, Greentech Renewables and REM Plastic. Amazon was a tenant until its lease expired last month. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller, Burkhalter Property Group LLC, in the transaction. Box Acquisitions acquired the warehouses for an undisclosed price.

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DWG Capital Acquires 256,314 SF Industrial Facility in Fort Smith, Arkansas Leased to Stryten Energy

Abby Cox — Mon, 08 Dec 2025 15:08:07 +0000

FORT SMITH, ARK. — DWG Capital Partners has acquired a 256,314-square-foot manufacturing and distribution facility located at 4115 S. Zero St. in Fort Smith, a city on the Arkansas-Oklahoma border. Stryten Energy, a U.S.-based energy storage solutions provider, has occupied the industrial property since its construction in 1975. Atlas Holdings, which recently announced plans in April 2025 to expand its domestic manufacturing footprint, owns and operates Stryten Energy. Mike Salmen and Andrew Watson of Transwestern represented the seller, a private ownership group, in the off-market transaction. The sales price was not disclosed.

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Marcus & Millichap Brokers Sale of 88-Room Homewood Suites Hotel in Fort Smith, Arkansas

John Nelson — Mon, 01 Dec 2025 15:23:01 +0000

FORT SMITH, ARK. — Marcus & Millichap has brokered the sale of an 88-room Homewood Suites hotel located at 7300 Phoenix Ave. in Fort Smith. The sales price was not disclosed for the transaction, which is part of a two-property portfolio deal that included a Home2 Suites in Fort Smith. Chris Gomes and Steve Greer of Marcus & Millichap, along with Allan Miller of the firm’s Miller-Gomes Hotel Team, represented the seller, an entity doing business as Heritage Hotel Group LLC, and procured the buyer, a Texas-based entity doing business as FortSmith RA HS Hotel LLC.

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Harrison Street, Morningstar Properties Acquire 21-Property Self-Storage Portfolio

Abby Cox — Mon, 13 Oct 2025 14:45:38 +0000

CHICAGO AND MATTHEWS, N.C. — A joint venture between Chicago-based Harrison Street Asset Management and Matthews-based Morningstar Properties has acquired a portfolio of 21 self-storage properties totaling morning than 10,800 units. The properties are located in Texas, North Carolina, South Carolina, Florida, Georgia, Virginia and Arkansas, with 71 percent of the assets situated in top 30 U.S. metropolitan areas such as Houston, Austin, Charlotte and Atlanta. The portfolio was 90 percent leased at the time of sale and spans more than 1.3 million rentable square feet. Morningstar will continue operating and managing the portfolio. The seller was not disclosed. Harrison Street and Morningstar previously completed 41 self-storage investments across five Sun Belt states.

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McCarthy Delivers $185M Expansion of Mercy Hospital Fort Smith in Arkansas

John Nelson — Thu, 04 Sep 2025 14:20:01 +0000

FORT SMITH, ARK. — McCarthy Building Cos. Inc. has delivered the new addition for Mercy Hospital Fort Smith, a hospital situated off Rogers Avenue in Fort Smith. The five-story addition spans 162,000 square feet and represents a $185 million expansion for the hospital, which opened in 1975. The expansion allows Mercy to accommodate approximately 25,000 more patients annually. Construction began in 2022 and increased the number of emergency rooms from 29 to 50, added six new trauma rooms and expanded the number of ICU beds from 36 to 64. Infrastructural upgrades include enhancements to the hospital’s mechanical penthouse, helipad and parking decks, along with an expanded central utility plant and the addition of a 22-bed observation unit in the former ICU space. The design-build team for the expansion project included ENFRA (mechanical engineer), HKS Architects, Olsson Associates (civil engineer) and Northstar Management (program manager). Mercy is one of the 15 largest health systems in the United States and serves patients in Arkansas, Kansas, Missouri and Oklahoma.

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Aptitude Development Sells 647-Bed Student Housing Community Near University of Arkansas

John Nelson — Tue, 02 Sep 2025 13:43:32 +0000

FAYETTEVILLE, ARK. — Aptitude Development has sold The Marshall Arkansas, a 647-bed student housing development located near the University of Arkansas campus in Fayetteville. Newmark brokered the disposition of the property to an undisclosed institutional investor. Terms of the transaction were not released. Developed in 2021, The Marshall Arkansas offers units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool and hot tub, outdoor kitchen, rooftop terrace, fitness center and fitness lawn, private and shared study spaces and a game room.

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Subtext, Kayne Anderson to Break Ground on 845-Bed Student Housing Development Near University of Arkansas

John Nelson — Wed, 04 Jun 2025 14:49:16 +0000

FAYETTEVILLE, ARK. — A joint venture between Subtext and Kayne Anderson is set to break ground on VERVE Fayetteville, an 845-bed student housing development located at 707 W. Treadwell St. near the University of Arkansas campus in Fayetteville. The community will span 532,300 square feet and offer 272 units in one- through four-bedroom configurations. The property will feature 33,000 square feet of indoor and outdoor amenity spaces, including open and private study areas; a coffee café; sports simulator; resort-style pool and hot tub; fire pits; and a fitness and wellness center with cardio equipment, weights, yoga rooms, private wellness rooms and a sauna. The project is scheduled for completion in August 2027. The development team includes Kennedy Wilson, Brinkmann Constructors, Modus Studio and Vida Design. Additional contributors include AJC Design Group, Viewtech, McClelland Consulting Engineers and ENGR3. John Rowland and Steve Lane of Colliers | Arkansas served as the exclusive brokers on the sale of the VERVE Fayetteville development site.

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Marcus & Millichap Negotiates $5.3M Sale of Industrial Facility in Jonesboro, Arkansas

John Nelson — Thu, 22 May 2025 14:29:10 +0000

JONESBORO, ARK. — Marcus & Millichap has negotiated the $5.3 million sale of a 26,000-square-foot industrial facility located at 2800 Fair Park Blvd. in Jonesboro. Situated on a 6.4-acre site near I-55, the property was fully leased at the time of sale to SRS Distribution, a building materials supplier that was recently acquired by The Home Depot. The building was delivered in 2013, according to LoopNet Inc. Giancarlo Mata of Marcus & Milllichap’s Jacksonville office represented the seller and former tenant, Jonesboro Cycle and ATV, in the transaction. The buyer was not disclosed. Steve Greer served as Marcus & Millichap’s broker of record in Arkansas for the transaction.

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Student Quarters Acquires 232-Bed Student Housing Property Near University of Arkansas

John Nelson — Tue, 20 May 2025 11:58:41 +0000

FAYETTEVILLE, ARK. — Student Quarters has acquired Champions Club, a 232-bed student housing property located near the University of Arkansas campus in Fayetteville. Located at 1629 S. Razorback Road, the community offers fully furnished units in two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour fitness center, gaming lounge, computer café, dog park and outdoor grilling stations. Student Quarters plans to invest in both operational and experiential upgrades to the community, including the implementation of resident-focused programming and branded touchpoints. The seller and terms of the transaction were not released.

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Sam’s Club to Remodel All 600 Stores

John Nelson — Tue, 15 Apr 2025 15:26:20 +0000

BENTONVILLE, ARK. — Sam’s Club, a division of Bentonville-based Walmart, has announced plans to remodel all 600 of its existing membership-based stores (called “clubs”) nationwide. The stores will be modeled after the Grapevine, Texas, location, which opened in December 2024. The new locations will span 160,000 square feet and include a seafood/sushi island, full-service floral station, walk-in dairy and fresh coolers and a larger healthcare space featuring a patient waiting area, health services suites, private consultation rooms and dedicated hearing and optical centers. As part of its previously announced long-term strategy, Sam’s Club will also open 30 new locations over the next several years while building a pipeline to begin opening 15 new clubs annually. This marks the first expansion since 2017 after Sam’s Club closed 62 locations in 2018. By the end of fiscal 2025, Sam’s Club plans to open two more new locations in Tempe, Ariz., and Lebanon, Tenn., with further plans to begin construction on seven additional locations, according to CNBC.

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Endeavor Acquires Student Housing Development Site Near University of Arkansas

John Nelson — Thu, 10 Apr 2025 13:38:39 +0000

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has acquired a development site near the University of Arkansas campus in Fayetteville for a new student housing development. Details on the project have not been announced. The Austin, Texas-based firm also recently hired Chuck Carroll as principal to assist with growing the company’s student housing platform. Carroll previously spent over 20 years with American Campus Communities. He will be joining Jake Newman, principal of Endeavor, who will be spearheading the firm’s new student housing division.

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Dollar General Opens $160M Distribution Center in North Little Rock, Arkansas

John Nelson — Wed, 19 Mar 2025 13:39:39 +0000

NORTH LITTLE ROCK, ARK. — Dollar General opened its new distribution center in North Little Rock in February, the retailer’s first warehouse facility in Arkansas. The $160 million development is expected to create 300 new jobs at full capacity and support Dollar General’s traditional, DG Fresh and DG Private Fleet distribution channels. The facility spans more than 1 million square feet in Pulaski County. Dollar General opened its first store in Arkansas 50 years ago in 1975 and currently employs more than 5,700 Arkansans through its and store and distribution center presence.

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Spartan Purchases Three Northwest Arkansas Self-Storage Facilities Totaling 1,890 Units

John Nelson — Mon, 17 Mar 2025 14:34:25 +0000

SPRINGDALE, ARK. — Spartan Investment Group has acquired three self-storage facilities totaling 1,890 units in Northwest Arkansas for an undisclosed price. The purchases include a 39,450-square-foot facility in Bentonville, a 158,630-square-foot facility in Rogers and a 125,70-square-foot facility in Springdale. Spartan plans to invest more than $1 million in renovations to the portfolio, including improvements to security, signage and operational systems.

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Property Tax Assessments Change Constantly, Are You Keeping Up With Them?

John Nelson — Tue, 11 Mar 2025 11:50:00 +0000

By Will Raines, Esq. of Evans Petree PC Benjamin Franklin has been credited (dubiously) with the saying, “in this world nothing can be said to be certain, except death and taxes.” The Greek philosopher Heraclitus has been credited (also dubiously) with the saying, “the only constant in life is change.” To synthesize dubious quotes from two brilliant minds, “you will certainly have to pay taxes, and they will constantly change.” With property tax bills subject to constant change, property owners hoping to predict and plan for future tax liability have their work cut out for them. Here are the chief factors taxpayers should consider in tax planning: Track reassessments Governments base property taxes on two things: assessed value and tax rate. Both elements change on a regular basis, and it can be mind-boggling for taxpayers to stay on top of just exactly when and by how much their properties’ taxes will increase. Reappraisal systems vary. While most jurisdictions reappraise either annually or on a regular, multiyear cycle, some jurisdictions do not. Famously, California’s Proposition 13 requires reappraisal based on changes in ownership and other triggers, rather than on any regular cycle. A jurisdiction’s reappraisal history is no guarantee of its…

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Cushman & Wakefield Arranges $24.8M Sale of Benton Apartments in Pea Ridge, Arkansas

John Nelson — Fri, 28 Feb 2025 14:31:52 +0000

PEA RIDGE, ARK. — Cushman & Wakefield has arranged the $24.8 million sale of The Benton, a 150-unit multifamily community in Pea Ridge, roughly 30 miles outside Fayetteville. Martin Bynum, Cole Herget and Craig Hey of Cushman & Wakefield represented the seller, an entity doing business as Aria Holdings LLC, in the transaction. The buyer was South Bend, Ind.-based HPP Equity. Built in 2024, The Benton features one- and two-bedroom floorplans ranging from 771 square feet to 1,020 square feet in size, according to Apartments.com. Amenities at the property include a 24/7 fitness center, lounge, clubhouse, grill, dog park and cabana.

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Walmart Debuts 350-Acre Corporate Headquarters Campus in Bentonville, Arkansas

John Nelson — Mon, 27 Jan 2025 15:51:20 +0000

BENTONVILLE, ARK. — Walmart has debuted its new 350-acre home office campus in Bentonville that features 12 office buildings. The campus also includes the 8th & Plate food hall that will be occupied by Bentonville Bicycle Co., Flyway Brewing, Gearhead Outfitters, The Gents Place, Hatch Early Mood Food, Jamba Juice, Riserva Bar + Tapas, Swig, Walmart Pharmacy, Wright’s BBQ and Yokozuna Sushi. The campus also offers Little Squiggles onsite childcare and Onyx Coffee Lab, as well as seven miles of walking and biking paths, more than 1,000 bike parking spots, rentable bikes, 300 electric vehicle charging stations and Walton Family Whole Health & Fitness.

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Edgemark Acquires Whole Foods-Anchored Shopping Center in Fayetteville, Arkansas

John Nelson — Wed, 18 Dec 2024 16:21:15 +0000

FAYETTEVILLE, ARK. — Edgemark Communities, a commercial real estate development and investment firm based in Denver, has purchased College Marketplace, a 64,226-square-foot shopping center located at 3379-3425 N. College Ave. in Fayetteville. Whole Foods Market anchors the center, which was built on a seven-acre site in 2015 near the University of Arkansas campus. In addition to Whole Foods, which occupies nearly two-thirds of the center, College Marketplace’s tenant roster includes Chipotle Mexican Grill, Great Clips, Cava and Alumni Hall. The seller and sales price were not disclosed.

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Stoic Equity Partners Acquires 94,589 SF Industrial Facility in Springdale, Arkansas

Hayden Spiess — Fri, 25 Oct 2024 15:16:39 +0000

SPRINGDALE, ARK. — Stoic Equity Partners has acquired a 94,589-square-foot industrial complex located at 444 Old Wire Road in Springdale. The multi-tenant facility comprises 20 suites across nine buildings. This marks the fourth asset in the state for the buyer, which owns over 1.1 million square feet of commercial space across six states in the Southeast. “We began targeting the Northwest Arkansas market earlier this year, so we are excited to get this property closed,” says Grant Reaves, cofounder and managing director of Stoic Equity Partners. The seller and sales price were not disclosed.

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Stoic Equity Acquires 65,000 SF Flex Industrial Property in Little Rock

John Nelson — Tue, 10 Sep 2024 14:55:16 +0000

LITTLE ROCK, ARK. — Stoic Equity Partners has acquired Parkwood Center, a 65,000-square-foot, multi-tenant flex industrial property located at 6801 W. 12th St. in Little Rock. This increases the Daphne, Ala.-based investor’s holdings in Little Rock to three properties spanning more than 150,000 square feet. The seller and sales price were not disclosed. Parkwood Center features suites ranging in size from 975 to 6,298 square feet and offers proximity to I-630 and I-430.

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SAM, Virtus Acquire Student Housing Community Near University of Arkansas for $72.3M

John Nelson — Wed, 28 Aug 2024 12:03:00 +0000

FAYETTEVILLE, ARK. — A joint venture between Strategic Asset Management (SAM) and Virtus Real Estate Capital has acquired YOUnion@Fayetteville, a 589-bed student housing development located near the University of Arkansas campus in Fayetteville. The project was acquired from Strategic Student & Senior Housing Trust Inc. — a public, non-traded REIT sponsored by SAM — for $72.3 million. An undisclosed affiliate of SAM will serve as property manager on behalf of the joint venture. TSB Capital Advisors consulted on the joint venture and arranged acquisition financing on behalf of SAM and Virtus. YOUnion@Fayetteville offers 198 fully furnished units in one-, two-, three- and four-bedroom configurations. The property is fully leased for the 2024-2025 academic year.

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