Cushman & Wakefield | Sage Partners is pleased to announce the $2.1MM sale of an 18,100 SF building situated on 1.91 acres located at 3311 N. College Ave. in Fayetteville, Arkansas.
Zach Hocker, broker with Cushman & Wakefield | Sage Partners, represented both Blake Harris Holdings, LLC of Fayetteville, Ark. and City Center North, LLC, a Waco, Tx. based investment group, in the sale of the property. “I’m honored to represent Blake and excited for the continued growth of his family-owned business here in Fayetteville. This opportunity aligned well for both parties and I could not be happier with the results.”
Blake Harris of Blake Harris Holdings, LLC, is the buyer and current owner of B&B Auto Sales located at 2555 N. College Ave. Harris will continue to operate that business from its current location until the Lewis Ford lease expires in summer of 2023. Blake Harris Holdings, LLC was represented in the acquisition by Michael K. Goswami, Rose Law Firm, a Professional Association.
“We are grateful for the opportunity to participate as an integral part of this new development that City Center North, LLC has presented for Northwest Arkansas,” said Harris. “The increased square footage will allow our family-owned automotive enterprise to grow not only our sales department, but also add a full-service department. This location gives our business a bigger and brighter future in the heart of the community we love. We have served Northwest Arkansas for the last 11 years and are looking forward to continuing to do so at our new location for many generations to come.”
City Center North, LLC, will retain ownership of the adjacent properties recently acquired. Future mixed use development plans are still in the works and unavailable at this time.
About Blake Harris Holdings, LLC.:
Blake Harris Holdings, LLC is a Fayetteville-based holding company representing family-owned business B&B Auto Sales located at 2555 N College Ave. Blake Harris Holdings is represented by Michael K. Goswami, Rose Law Firm, a Professional Association.
About Rose Law Firm, a Professional Association:
Rose Law Firm, a Professional Association has provided the highest levels of legal counseling, client advocacy and transaction guidance for more than 200 years. It is Arkansas’s oldest institution and remains the oldest law firm West of the Mississippi River.
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.