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Saatchi Site In Springdale Sold for $7.4M (NWA Real Deals)Lock Icon

3 min read

A Fayetteville real estate investor paid $7.4 million for a 42,609-SF office building in south Springdale.

Patrick Cameron, through his RPC2 Holdings LLC, was the buyer.

Cameron, a former two-year letterman as a deep snapper at the University of Arkansas, is a financial adviser and real estate investor; in 2019 he paid $7.4 million for an office complex in Fayetteville.

The sellers were a group of limited liability companies that acquired the property for $2.75 million in 2002: Lakeview Properties LLC, led by Charles Browning; Charlotte Inc., led by Gerald Johnston; and Next Chapter Resources LLC, led by Tom Muccio.

The building, just inside the city limits from Fayetteville, is home to the advertising agency Saatchi & Saatchi X.

Senior Apartments

A Little Rock investment group spent $2.3 million for two apartment complexes in Fayetteville and another $668,000 for one in Springdale.

Natural Capital, which formed in 2019, bought two Nantucket complexes that have a total of 52 units.

The complexes are located southwest of Morningside and Nantucket drives in east Fayetteville.

The company also bought the Mill Creek Senior complex of eight town homes on Rhodes Avenue in Springdale.

Natural Capital is led by managing partner Brad Henry and also includes partners Todd Simmons, Marshall Saviers and Brock Gearhart.

Simmons is the CEO of Simmons Foods in Siloam Springs, Saviers is partner and principal at Cushman & Wakefield/Sage Partners in Rogers, and Gearhart is CEO of Greenwood Gearhart in Fayetteville.

Natural Capital bought the Fayetteville properties through its NATCAP Nantucket-Fay LLC.

Natural Capital signed an assumption agreement for an existing $2.3 million loan from Arvest Bank to previous owner Fayetteville Senior Citizen Apartments LLC.

Natural Capital bought the Springdale property through its NATCAP Mill Creek III LLC and assumed a $399,000 loan from the Arkansas Development Finance Authority with previous owner Mill Creek Apartments III LLC.

Both selling LLCs are managed by Thomas Embach of Mountain Home.

On the Square

An office building and adjoining apartment building in downtown Fayetteville sold for $2.8 million. Daugherty Commercial LLC, managed by Jason Ray Daugherty of Fayetteville, purchased the properties in a series of six transactions.

The centerpieces are an 8,130-SF office and 14,283-SF apartment building on West Mountain Street on the Fayetteville square.

Simmons Bank of Pine Bluff assisted the purchase with a loan of $2.38 million.

The seller was Five West Mountain LLC, managed by John Bradberry of Fayetteville. The property was acquired by E.G. and Karlee Bradberry in 1983.

Beaver Lake

A 9,000-SF home on Beaver Lake east of Springdale was the centerpiece of a $2 million transaction.

Joseph and Jennifer Stewart of Farmington, through their JenniJoe Ventures LLC, bought the residence and 191 acres in a series of seven deals. The property includes a guest house and a horse barn.

Signature Bank of Arkansas assisted the purchase with a loan of $2 million. McGowan Real Estate of Fayetteville represented the buyer.

The seller was Linda Spencer of Springdale. The Limbird Team of Limbird Real Estate Group of Rogers handled the listing and represented the seller.

Fayetteville Studio

Ben Meade bought the music and video recording studio he founded two years ago.

Meade, a director and documentary film producer, paid $615,000 for 60% of the Cosmic Cowboy Studio at 322 W. Meadow St. in Fayetteville.

Meade transferred the other 40% he already owned from his revocable trust. The land was acquired for $225,000 in 2017.

In the latest transaction, Meade purchased the 60% owned by Jane Hunt, the daughter of the founders of J.B. Hunt Transport Services Inc. of Lowell.

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