Champions Club Complex Sells for $10M (NWA Real Deals)

Champions Club Apartments at 1629 S. Razorback Road in Fayetteville (Google Maps)

A Pennsylvania investor paid $10 million for the Champions Club student apartment complex in Fayetteville.

Marker Investments, led by founder Brian Thompson, bought the 4.4-acre development through Marker Champions Clubs LLC.

The 76-unit, 53,160-SF complex is on South Razorback Road across the street from Baum Stadium, the baseball venue of the University of Arkansas.

The seller was Champions Club LLC, an affiiliate of University Housing Group of Roanoke, Virginia, led by Chairman Robert Bradley.

Wintrust Bank provided a loan of $6.2 million.

Maple Manor Apartments

The Maple Manor Apartments in Fayetteville sold to a trio of investor groups for $9 million.

The buyers were three LLCs: Maple Manor LLC of Brooklyn, New York, and Chateau Maple LLC and GSG Maple LLC, both of Lakewood, New Jersey.

The limited liability companies were all represented by Elliot Horowitz.

The complex has 128 units totalling 62,870 SF and is on West Wedington Drive.

The sellers were four subsidiaries, all led by Shraga Schorr, the managing director of Meridian Capital Group of Jackson, New Jersey.

ReadyCap Commercial of Irving, Texas, provided a loan of $7.7 million.

Sunset Place

A Fayetteville real estate agent paid slightly more than $1.5 million for the Sunset Place apartment complex.

Christopher Hamaker, through his Boston Mountain Holdings LLC, bought the 18-unit, 13,260-SF complex on West Spruce Street in Fayetteville. Hamaker is the president of Boston Mountain Real Estate.

The seller was Spruce LLC, led by Jeffrey Vanderslice of Fayetteville.

Arvest Bank provided a loan of slightly more than $1.2 million.

Day Care Center

A 14,465-SF day care center in Fayetteville sold for nearly $1.5 million.

David Mazzanti, individually and through Natallen Holdings LLC, was the buyer. Natalie Mazzanti is also a member of Natallen Holdings.

The day care center is on 3.4 acres on North Crossover Road.

The seller was Grace Church of Northwest Arkansas, led by Alex Cornett. IberiaBank provided a loan of slightly more than $1.2 million.

Former Bank

A vacant bank building on Martin Luther King Jr. Boulevard in Fayetteville sold for $1.4 million.

The 5,966-SF building is at the northwest corner of MLK and Futrall Drive, just east of Interstate 49. The former Bank of America branch sits on 1 acre.

The buyer was Boing US Holdco Inc., a subsidiary of Driven Brands of Charlotte, North Carolina.

Driven Brands operates a number of automotive aftermarket businesses, such as Take 5 Oil Change and Meineke Car-Care Centers.

The seller was LG Capital of Dallas, led by Fernando De Leon, the CEO of Leon Capital Group.

Trucking Offices

Springdale investor Rob Kimbel paid $1.35 million for a 14,093-SF office-warehouse building on North Elm Street.

The seller was Comcar Industries Inc. of Auburndale, Florida, which declared bankruptcy in May 2020.

The sale was handled by FTI Consult-ing of San Francisco. Signature Bank of Arkansas provided a loan of $952,500.

DEMX Architecture

The managing principal of the DEMX Architecture firm bought the company’s building on East Avenue in Fayetteville.

Timothy Maddox, through Ox LLC, paid $1.275 million for the 9,410-SF office. DEMX was founded by Tim de Noble in 2005, and Maddox became a principal in 2008.

The sellers were Don and Mary Jane Cozart. They acquired the building for $375,000 in 1995. First National Bank of Fort Smith provided a loan of slightly more than $1 million.