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Sage Partners Completes $25.1M Commercial Real Estate Deal

BENTONVILLE, Ark. (April 21, 2017) – Sage Partners recently brokered the sale of nine office buildings in Bentonville, Arkansas.  Marshall Saviers, TJ Lefler, and Matt Imhoff of Sage Partners worked on the transaction. The buyers were Tom Boyd, Tyler Oliver, and William H. Wheeler who purchased the properties for $25.1M.  Dean Eisma, a real estate developer in Rogers, Arkansas, sold the property.

The nine properties total 233,000 square feet, and will be leased and managed by Sage Partners.  Eight of the buildings are office buildings, while the ninth building contains a mix of office and warehouse space.

“The rapid growth of Northwest Arkansas continues to increase the demand for commercial real estate from both users and investors,” said TJ Lefler, executive vice president at Sage Partners.  “These properties are well positioned for companies looking to move to and expand in Northwest Arkansas.”

Click here for more information.

 

About Sage Partners

Sage Partners is a full-service commercial real estate firm with offices in Fayetteville, Rogers, Bentonville and Little Rock.  Sage leases and manages approximately four million square feet across the state.

For more information, visit sagepartners.com.

April 25th, 2017

The Millennial Influence on Office Culture

As Baby Boomers transition out of the workforce and Millennials take over, a dramatic shift in office culture is occurring across the nation. Business leaders are adapting their methods of recruitment and retaining this generation of workers by starting with the work/life balance. Millennials prefers to blend personal and private life and thrive when a workplace feels more like home.

Recognizing this change, companies like Clorox are creating solutions to hire these young and talented employees. They have taken notice of the shift from a “me” to a “we” workspace and are working with developers like CrossMar Investments to tailor work spaces to the company’s function and direction.

Marshall Saviers, President of Sage Partners, knows the importance of being conscious of generational changes in the workforce. “When you look at younger people, they don’t care as much about the corner office, but they do care about amenities,” Saviers said. “A lot of people are going to this live-work-play environment. You spend a lot of time at your office and you want to make sure it’s a fun place to work. People understand it’s important to retaining talent but also keeping them happy.”

Whether it’s a new project in Pinnacle Hills or reviving existing architecture in Downtown Fayetteville, brokers such as Saviers are helping businesses have a say in designing their offices. New modern buildings do offer a number of amenities and high-tech services, but Saviers says that adaptive reuse is also a trend we are seeing. “It’s good. It keeps our culture and character.”

Read more from Arkansas Business.

Clorox Office Building in Bentonville

April 6th, 2017

Mixing Business & Pleasure Fosters Growth in NWA

While residents of Northwest Arkansas have known the area is growing at a fast pace, a recently released NWA Council report explains just how impressive that growth is in the region. Benton, Madison and Washington Counties lead the way for highest percentage of growth in the state, and according to the Council, the region adds almost 32 people per day — more than other larger metropolitan areas like Tulsa and Little Rock.

Experts credit this growth not only to the area’s many Fortune 500 companies, such as Walmart, Tyson Foods and JB Hunt, but also to the numerous quality of life investments, such as Crystal Bridges, Razorback Greenway, Walmart AMP and major healthcare upgrades by Mercy Northwest Arkansas, Washington Regional and the developing Children’s Hospital. The University of Arkansas, currently ranked #135 in National Universities on US News & World Report’s Best College Rankings, has also been essential in regional development.

The pairing of its quality of life amenities with its remarkable job opportunities, play a large role in making the region an attractive option for the relocating younger workforce. These factors are among countless reasons why Northwest Arkansas is currently the 22nd fastest growing metro in the United States and is on pace to be one of the nation’s 100 largest metropolitan statistical areas within three years.

Read more from the NWA Council.

March 27th, 2017

Please join Us in Welcoming Our Newest Team Member, Lori Adcock-McGhee.

Lori will be director of property management, responsible for overseeing our expansion in central Arkansas.

Since 1990, Adcock-McGhee has worked in commercial real estate management with a wide range of ownership structures including REITS and Tenants in Common. In 2007, she joined the global firm Jones Lang LaSalle managing Regions Bank locations across multiple states before obtaining management of the Regions Center high-rise office building.  In 2014, she joined Moses Tucker as Vice President of Real Estate Services and served as a principal broker until she retired in 2016.

This past February, we asked Adcock-McGhee to postpone her retirement with an opportunity to help us in central Arkansas.

Adcock-McGhee holds a BSBA in finance from the University of Arkansas, Arkansas broker’s license and Certified Property Manager (CPM) designation. She is a past president of the Building Owners & Managers Association Greater Little Rock (BOMA) and past president of Arkansas Chapter 64 of the Institute of Real Estate Management (IREM), where she currently serves on the board and on the National Ethics Committee. She also currently serves on the risk reduction committee for the Arkansas Realtors Association.

Lori Adcock-McGhee

Director of Property Management

Click here for additional information.

March 14th, 2017

One of our Own

At Sage Partners, we know that our people are our biggest assets. They set us apart and make us different. And when others honor one of our teammates, we can’t help but be proud.

Currently, our Corporate Controller Tina Miles, as a member of the Northwest Arkansas Business Journal’s current “40 Under Forty” class, is attending a leadership conference at The Rockefeller Institute. She and other leaders throughout the state are gathered there to discuss potential solutions to the various barriers that divide Arkansas.

We commend her efforts and we will always support our colleagues at Sage Partners who strive to improve our communities and our great state.

Tina Miles

Forty Under 40: Tina Miles

Under 40 Forum 2017

March 2nd, 2017

80,000 SF State-of-the-Art Development in Lowell

Sage recently co-developed a 80,000sf warehouse building in Lowell for Delta Systems.  The building is state-of-the-art to suit Delta’s needs and includes 20,000sf of office space with a Class A warehouse area.  Delta specializes in the manufacture of product handling, feeding and flow-wrapping systems for the food (bakery, confectionery, frozen, grocery), pharmaceutical, personal care and household product industries and is best in class in their industry.  We are very honored to work with Delta Systems and HCH Consulting on this project!

 

February 27th, 2017

Healthcare Industry Booming in NWA

The health care industry is expanding to keep up with northwest Arkansas’ growing population, and it’s not just construction companies that are benefiting.

Major hospital expansions are under way, such as Arkansas Children’s Hospital’s $167 million facility in Springdale and Mercy Hospital Northwest’s $247 million expansion plan. Other hospitals and medical-care companies in northwest Arkansas have also begun or completed expansions.

Health care is just one industry that has responded to the force of northwest Arkansas’ growth. More people mean more schools, more shops, more restaurants, and more office buildings.

 

Read the complete article in Arkansas Business here.

February 27th, 2017

Sage Partners to Lease New Rice Office Complex

CrossMar Investments to be Developer

 

BENTONVILLE, Ark. (DATE) – The new Rice Office Complex (“ROC”), set for completion by the end of this year, will be developed by CrossMar Investments and leased by Sage Partners. The first of four buildings is currently offered for lease with 71,500 square feet available of Class “A” office space, with an additional 210,000 square feet in three buildings planned for the office park.  When fully built out, the park could house up to 2,000 jobs for the area.

The ROC will provide space that is needed in the Northwest Arkansas commercial market.  The facility will be extremely efficient, offering 24-foot-high ceilings and an abundance of windows and natural light.  It is also equipped with fiber and exclusive infrastructure to meet the needs of the modern tenant.

“Recognizing the need for facilities that balance efficiency with modern building amenities, CrossMar and the ROC is answering the needs of 21st Century business in Northwest Arkansas,” said Marshall Saviers, President of Sage Partners.  “As the area continues to grow and the consumers demand space with more capabilities, we are proud to offer cutting edge office space for our clients.”

The ROC is located on I-49 off Central Avenue in Bentonville with prominent interstate exposure. The location is near to the headquarters of Walmart and Sam’s Club, Walmart IT Center, Walmart Layout Center, Bentonville Square, and Crystal Bridges Museum.

CrossMar is also developing a six-building industrial complex located directly across from the Walmart Distribution Center in Bentonville. The first building is fully leased and Sage is currently leasing the second 200,000 square feet building which will be completed at the end of 2017.  The first phase of the park will consist of 1.3 million square feet, with a second phase planned as well.

With over 30 years of real estate development experience, CrossMar Investments, located in Northwest Arkansas, manages and has developed over 1 Million sq. ft. of commercial real estate including office, industrial, and retail lease space. For more information please visit their website at www.crossmarinvestments.com.

About Sage Partners

Sage Partners is a full-service commercial real estate firm with offices in Fayetteville, Rogers, Bentonville and Little Rock, and is the parent company to Sage Asset Solutions. In 2016, Sage merged with Hunt Ventures real estate division, and now manages nearly four million square feet across the state.

 

For more information on the ROC, visit http://bit.ly/2lcMb0B.

 

February 23rd, 2017

Up to 10.38+/- Acres Available in Rainbow Curve Area

New listing in the Rainbow Curve area where Walton Blvd. and SW Regional Airport Blvd. intersect in Bentonville.

Property Information:

– 10.38+/- Acres Available
– Divisible to 1 acre
– Can be combined up to 10.38+/- acres
– Purchase Price is negotiable
– Located 1.5 miles from I-49
– Prime land in rapidly growing Rainbow Curve area
– Close proximity to Walmart Home Office and SAM’s Club Headquarters

 

February 13th, 2017

Master Planned Development in Fort Smith

A master planned development is in the works at the Arkansas Colleges of Health Education campus in Fort Smith.

  • Seeking all commercial types

  • Divisible to suit users needs

  • Will consider build to suit

  • Immediate access to I-49. ArcBest Headquarters (1,000 employees) and many large industrial users in close proximity. Extensive new infrastructure in place in the development.

  • New Arkansas Colleges of Health Education complete

  • State-of-the-art 102,000 SF facility on 227± acres

 

The Neighborhood Entrance (T5) consists of a dense mixed-use fabric combining neighborhood and regional amenities and serves as an entrance to the neighborhood from Wells Lake Road.

 

 

The Neighborhood Center Zone (T5) is the dense, multifunctional social center of the neighborhood. It is within walking distance of the surrounding, primarily residential areas and the ACHE campus. Passing through
the neighborhood square is a bike trail and stormwater managemnt stream.

 

February 6th, 2017