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Willow Park Apartments Sell for $4.9M (NWA Real Deals)Lock Icon

3 min read

A New York City investment firm paid $4.9 million for the Willow Park apartment complex in Fayetteville.

StoutCap, led by Chris Stout, bought the 56-unit complex on West Preservation Drive. Stout bought the 46,500-SF complex through his SRS Equity Fund III LLC subsidiary.

Aetna provided a nearly $3.5 million loan.

StoutCap said in a news release it had raised $2.5 million for the acquisition. Other members of the buying subsidiary were Alex Roth and Isac Sunny.

“We believe Willow Park has incredible potential, and we are confident that with our plans, this property will amplify its value and provide exceptional returns for our investors,” Stout said.

The seller was J&J Sons Holdings LLC, led by Bennett Harrell of Lowell. J&J Sons acquired the property for $1.95 million in 2012.

Lewis & Clark

The Lewis & Clark Outfitters location in south Springdale sold for $3.25 million to a Rogers investor.

James Lennon, through his Trailhead Property Holdings LLC, bought the 18,784-SF property on South Thompson Street, just north of the Fayetteville city line.

Simmons Bank of Pine Bluff provided a $2.6 million loan.

The seller was Navona LLC, led by Tim Graham, Tim Graham II and Dusty Graham. The Grahams acquired the property for $2.175 million in 2006.

Tim Graham was a founding partner of the Pinnacle Group, while his son Tim II owns Third Street Realty. His other son, Dusty, is the principal partner with Core Architects.

Van Asche Medical

A medical building on West Van Asche Drive in uptown Fayetteville sold for $2.65 million.

JFS Investments LLC of Springfield, Missouri, led by Curtis Alan Jared, bought the 7,800-SF property. One of the tenants is a pain treatment center.

Jared paid $1.5 million for another medical building on Van Asche in 2022.

Central Bank of the Ozarks in Springfield provided a $1.3 million loan.

The sellers were Lance and Katrina Osborne.

The Osbornes acquired the property for $606,355 in 2020.

Evelyn Hills Retail

A 18,400-SF retail store on North College Avenue sold for $2 million.

DC Goff Revocable Trust, led by Dewitt Goff, bought the 0.87-acre property, located across the street from the Evelyn Hills Shopping Center.

The property was formerly an FFO before being bought by Dallas investor J.C. Burciaga and becoming an Ace Hardware store. Burciaga acquired the property for $850,000 in 2020; he also bought the Evelyn Hills Shopping Center for $7.2 million in 2018.

Yurachek Purchase

University of Arkansas athletic director Hunter Yurachek and his wife, Jennifer, have new digs in Fayetteville after spending $1.35 million for a 4,500-SF home on North Washington Avenue.

The Yuracheks bought the two-story home, built in 1896, through their Hank’s Holdings LLC. The home sits on 0.6 of an acre and has four bedrooms and four bathrooms. Other amenities include a private upstairs balcony, a gourmet kitchen and a sunroom.

Yurachek has led the Razorbacks’ athletic department since 2017.

Legacy National Bank of Springdale provided a $1.6 million loan. The sellers were Phillip Massey and Elise Wagner, who paid $949,000 for the home in 2021.

More UA Buys

The University of Arkansas paid slightly more than $5 million for several tracts of land within shouting distance of Reynolds Razorback Stadium, the university’s football venue.

The tracts total about 2.6 acres and are west of the stadium on North Hornsby Drive, North Game Day View and North Markham.

The seller was Brian Reindl, through various subsidiaries. Reindl is a local real estate developer and was the producer and screenwriter of “Greater,” the movie about former UA football star Brandon Burlsworth.

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