Aaron Nicholson, executive vice president and principal with Cushman & Wakefield | Sage Partners, represented the buyer, an investment group, which was led by T. J. Lefler of newly formed Lefler Capital, LLC, in the purchase of the 98% leased industrial property located at 13465 Puppy Creek Rd. The nearly 100,000 sq. ft., multi-tenant, flex-industrial property will be rebranded as I-49 Commerce Center and was sold for $4,950,000 on October 27.
“I-49 Commerce Center is a strategically located complex, with easy access to the interstate and located in the heart of Northwest Arkansas,” said Nicholson. “Our sense is this will be a great investment for the new ownership group.”
Sage Partners will take over leasing and management of the property. Jake Cole is the assigned property manager. “The I-49 Commerce Center is a great addition to our portfolio.” said Cole. “We are excited to provide comprehensive property management services to the center.”
About Cushman & Wakefield | Sage Partners:
Cushman & Wakefield | Sage Partners, a member of the Cushman & Wakefield Alliance, is a locally owned and operated full-service commercial real estate firm specializing in brokerage, capital markets, and asset services. With offices in Rogers and Little Rock, Ark., Sage Partners manages and markets more than 6.5 million square feet of office, industrial, and retail properties across the state. For more information, visit www.sagepartners.com.