A real estate investment group paid $38 million for the Bentonville Plaza office building on SW Eighth Street.
The group is led by T.J. Lefler of Fayetteville. The partnership consists of 11 subsidiary LLCs, three of which are led by Lefler, who will own about 53% of the property.
Other investors are Gregory House of Fayetteville; Alan Ribble of Little Rock; Andrew Henson of Farmington; Mark Caruthers of Little Rock; Matthew Milliren of Fayetteville; Raymond Merrill of Sallisaw, Oklahoma; Ralph Simon III of Nichols Hill, Oklahoma; and Tyler Oliver of Leawood, Kansas.
The nine-story, 252,162-SF building is across Eighth Street from the original Walmart Inc. headquarters. It totals about 8.5 acres.
First Security Bank provided a loan of $30.5 million. Marshall Saviers, Aaron Nicholson and Johnny Galloway of Cushman & Wakefield/Sage Partners of Rogers represented the buyer group.
The seller was Square Deal Investment Management of Oklahoma City, which is led by President Mark Beffort. Square Deal acquired the property for $54.8 million in 2016.
Big Red Barn
An event venue in Fayetteville sold for $3.7 million.
Travis Ruff and Cynthia Kaye Taylor bought the Big Red Barn, a 9,567-SF center on Rupple Road. It sits on 16.5 acres. The buyers then transferred the title to Stonehaven LLC, led by Ruff, the co-founder of Milestone Construction Co. in Fayetteville.
The seller was Cirque551 LLC, led by Donnie and Charlotte King. Donnie King is the CEO of Tyson Foods Inc. of Springdale.
The Kings acquired the property for $465,000 in 2015.
A Couple of Endeavors
A Texas real estate investment company made two rental property acquisitions in Fayetteville.
Endeavor Real Estate Group of Austin paid $5.5 million for an apartment complex and two rental residential properties. The bigger of the two was the $4 million purchase of the Harmon Place Apartments, a 28-unit, 23,600-SF complex on South Duncan Avenue. That acquisition also included a 1,853-SF single-family home.
The seller was South Duncan Properties LLC, led by Seth Mims of Fayetteville. Mims, president of Specialized Real Estate Group, acquired the property for $3 million in 2024.
Endeavor paid $1.5 million for a 1,863-SF duplex, also on Duncan Avenue. The seller was the International Student Christian Association of Northwest Arkansas, which had acquired it for $205,000 in 2016.
The ISCA, led by Executive Director Kevin Smith, then bought two single-family homes on South Palmer Avenue for $1.5 million. The seller of those homes was Driver Development Group LLC, led by Mike Driver of Fayetteville, who had acquired the properties for $1.3 million in 2024.
Parkside Villas
A Colorado real estate investment company paid $2.95 million for a 28-unit multifamily complex in Springdale.
Trinity Peak Partners of Conifer bought Parkside Villas on Park Street. The 15,344-SF property will be rebranded Parkside Flats.
Trinity Peak is led by CEO Joey Schneider, COO Nick Elder and CFO Meredith Schneider. It partnered with Joshua DeBlaay of Fayetteville in the acquisition.
Generations Bank provided a loan of $2.7 million.
The seller was Brick City Capital, led by Ross Kephart of Fayetteville. Brick City acquired the property for $1.1 million in 2016.
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