Limited liability corporations associated with a Utah real estate investment firm paid $13.5 million for two apartment complexes in northwest Arkansas.
NWA Black Oak LLC paid $8.2 million for the Black Oak complex on Black Oak Avenue in Springdale. It has 102 units totaling 21,112 SF.
NWA Crown Ridge LLC paid $5.3 million for the Crown Ridge complex on West Cato Springs Road in Fayetteville. It has 56 units totaling 34,560 SF.
ReadyCap Commercial of Irving, California, provided a $10.3 million loan.
Both LLCs are associated with CooperWynn Real Estate of Park City. The single seller was AndMark Management Co. of Los Angeles, led by Mark Mosch.
Ozark Sportsman
Two Springdale investors paid nearly $4.5 million for Ozark Sportsman, a retail store in Springdale.
GC Investment Properties LLC, led by Caleb Brown and Jared Hiltzik, bought the 23,540-SF, 2.4-acre site on East Henri de Tonti Boulevard. Signature Bank of Arkansas provided a $3.49 million loan.
The seller was McCain & Madden LLC, led by Phillip Coates of Siloam Springs.
Tractor Supply
A Michigan real estate investment company paid slightly more than $4 million for the Tractor Supply Co. on East Robinson Road in Springdale.
Safari Properties LLC bought the 19,050-SF retail building and its 3.8 acres. Safari is a subsidiary of Agree Realty of Bloomfield Hills, Michigan. The seller was Frall Development Inc. of Mount Airy, Maryland, led by James Frey.
Steele Boulevard
Two Rogers investors paid $1.75 million for a 2.34-acre parcel on Steele Boulevard in Fayetteville.
Steele Blvd Office LLC, led by Brian Shaw and Jeff Jenkins, bought the land, between First National Bank and Bassett Furniture south of the Northwest Arkansas Mall. Shaw is CEO of Cushman & Wakefield/Sage Partners.
Legacy National Bank provided a construction loan of $11.3 million.
The seller was KLBFW LLC of Fayetteville, which is led by Kevin Farmer.
Elkins Shopping Center
A Fayetteville investor paid $1.2 million for a shopping center in Elkins.
The Robert R. Daugherty Trust bought the 12,000-SF Fox Trail Village center on Center Street. It sits on 3.7 acres.
Arvest Bank provided a loan of $566,000. Seller? Mockingbird Holdings LLC, led by Kezie Odunukwe of Rogers. He acquired the property for $600,000 from Farmers & Merchants Bank in 2020.
Fayetteville Apartments
Investors recently active in northwest Arkansas acquisitions paid $950,000 for an apartment complex in Fayetteville.
Osment Investments LLC, Early Holdings LLC and Mae Holdings LLC combined to buy the 20-unit Fayette Village on South Block Avenue. Osment, led by Ray and Deana Osment of Jonesboro, acquired 47.5% of the property, as did Early Holdings, led by Jacob Newell of Rogers. Mitchell Moore, who heads Mae Holdings, acquired the remaining 5%.
Legacy National Bank provided a loan of $995,000. The seller was Joe Gonzalez of San Diego, who paid $390,000 in 2005.
Retail Center
A retail center on MLK Jr. Boulevard in Fayetteville sold for $2.2 million. The Frances Fowler Duke Trust, led by Randall Duke, was the buyer. The center totals 4,788 SF on a half-acre of land. The seller was Monroe Farmers Market LLC, led by Steve Fowler of Fayetteville. He acquired the property for $220,000 in 2007.
Office Buildings
Fayetteville investors paid $767,000 for two office buildings in Fayetteville.
Johnson Square Partners LLC and SCR Management LLC took two-thirds of the buildings, which total 4,872 SF. Johnson Square is led by Morgan Hooker and Edward Davis, partners in High Street Real Estate & Development. SCR Management, led by Mangaraju Chakka, acquired one-third of the property.
Encore Bank provided a $712,000 loan. The seller was WHT Holdings LLC, led by John Bret Hagan of Fayetteville.
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