Case Studies

Little Rock & Hot Springs, AR

CHI ST. VINCENT

ASSIGNMENT

Representing the hospitals on various assignments in both Little Rock and Hot Springs, AR. This includes detailed valuations of hospital-owned properties in the markets and various negotiations. We also manage all CHI St. Vincent’s facilities, which comprise over 600,000 SF.

RESULTS

Working with hospital administration on many transactions and as their long-time local representatives. Regarding facilities management, we successfully on-boarded all facilities and streamlined the entire process. This has resulted in significant cost savings for CHI St. Vincent.

Springdale, AR

BNSF LOGISTICS BUILDINGS

ASSIGNMENT

Design/build process with the tenant, architects, and general contractor on two office building campuses consisting of 60,000 SF in Springdale, AR for the U.S. Headquarters for BNSF Logistics.

RESULTS

The first building was completed in September 2015 and sold in early 2019, resulting in a very large return for the partnership. The second building is currently under construction with completion scheduled for October 2019. Cushman & Wakefield | Sage Partners acquired the land, acted as development manager, and is the current property manager. The project was completed in 8.5 months, on time and under budget.

Rogers, AR

J.B. HUNT TOWER

ASSIGNMENT

Leasing Agent and Property Manager for a Class A 250,000 SF office building in the Pinnacle area of Rogers, AR.

RESULTS

The building is over 90% leased within one year of completion, with additional lease-up imminent in the near future. Phase II (150,000 SF) is currently under construction with Cushman & Wakefield | Sage Partners serving as investor, developer, and leasing agent.

LITTLE ROCK, AR

CAPITAL PARK

ASSIGNMENT

Leasing agent and property manager for a 341,416-sf industrial property with 4 buildings, located in Little Rock.

RESULTS

Working closely with ownership, several long-time vacancies have been leased with occupancy at an all-time high. The property has gone from 85% leased to currently 99% leased. Cushman & Wakefield | Sage Partners has completed capital projects including 3 new roofs, a new entrance sign, and a partial parking lot overlay.

Little Rock, AR

COLONY WEST

Assignment

Leasing agent and property manager for this 85,000± SF retail center in the Little Rock area.

Results

Increased occupancy at the center to over 90%, and in turn increased rates. Proper property management has played a large role in increasing the center’s desirability.

Little Rock, AR

McCAIN PLAZA

Assignment

Leasing agent and property manager for 290,000± SF retail center in the North Little Rock area that was in need of repositioning in the market.

Results

Working with ownership and an architecture firm, a new design for the center was created, along with a comprehensive list of capital improvements. As a result, there has been renewed interest in the center with both local and national tenants. Current tenants have also welcomed the improvements and new management.

Fayetteville, AR

THE SHOPPES at STEELE CROSSING

Assignment

Represented 1031 Exchange Buyer to identify and purchase a Class A retail center in Northwest Arkansas.

Results

After conducting a market analysis, Cushman & Wakefield | Sage Partners recommended the purchase of The Shoppes at Steele Crossing. CWSP negotiated the purchase for Buyer, handled due diligence, and arranged financing. Purchase price was $8,425,000, which reflects approximately 8% cap rate.

Springdale, AR

BNSF LOGISTICS BUILDINGS

ASSIGNMENT

Design/build process with the tenant, architects, and general contractor on two office building campuses consisting of 60,000 SF in Springdale, AR for the U.S. Headquarters for BNSF Logistics.

RESULTS

The first building was completed in September 2015 and sold in early 2019, resulting in a very large return for the partnership. The second building is currently under construction with completion scheduled for October 2019. Cushman & Wakefield | Sage Partners acquired the land, acted as development manager, and is the current property manager. The project was completed in 8.5 months, on time and under budget.

Fayetteville, AR

DELTA GROUP ELECTRONICS

Assignment

Development Manager for 36,000 SF Clean Tech Circuit Board Assembly Facility located in Mountain Ranch business park in Fayetteville, AR.

Results

Project completed on time and under budget.

“When the time came for us to relocate and expand our Northwest Arkansas facility, we chose Sage Partners to help with the task. I worked closely with Tommy Van Zandt and Brian Shaw to develop the latest version of Delta Group Electronics’ office and manufacturing facility. From the start, I had a comfort level that Sage Partners would represent Delta’s interest well throughout the entire process. Beginning with the site selection, they worked diligently through the details of the building design, site development, and interior space planning. Sage Partners served as the development manager to complete our 36,000 sf Northwest Arkansas project on time and within budget. Their knowledge and professionalism throughout this challenging process enabled me to continue to focus on our core business, leaving the real estate details to them. We would gladly recommend Sage Partners to anyone in need of a development consultant team.”
– Harry Mueller, President & CEO, Delta Group Electronics

Bentonville, AR

BENTONVILLE PLAZA

Assignment

In 2015 Cushman & Wakefield | Sage Partners was awarded the leasing and management assignment of a nine story, 270,000 SF, Class “A” office building across from the Walmart Home Office. Then in early 2016 CWSP partnered with HFF Houston to market the property for sale.

Results

After preparing a professional marketing package, Cushman & Wakefield | Sage Partners and HFF obtained multiple offers on the property. CWSP assisted the ownership in selecting the potential best purchaser and negotiated the sale. The property sold for $56,800,000, and CWSP continues to manage the property.

Bentonville, AR

OTIS CORLEY OFFICE PARK

ASSIGNMENT

Represented buyer in purchasing a 92,000± SF office park in Bentonville, AR, and was awarded leasing and management of the office park.

RESULTS

Working with ownership, tenants, and construction vendors to make capital improvements to the property such as parking lot repairs, landscaping, lighting, and finishes.

Bentonville, AR

BENTONVILLE COMMERCE OFFICE PARK

ASSIGNMENT

In 2015, Cushman & Wakefield | Sage Partners was awarded the leasing and management assignment of this 123,000-SF, eight-building office complex.

RESULTS

This property was originally acquired by the ownership through a bank sale and was 30% occupied, with a tremendous amount of deferred maintenance and a negative stigma in the market. Since that time, the property has been rebranded, and full-time management and maintenance was added. The property has now achieved an occupancy of 87%, and rates have increased from $13.50/RSF to around $16.50+/RSF on lease renewals with existing tenants.

Fayetteville, AR

STEELE CROSSING

ASSIGNMENT

Members of Sage Partners, while working with Irwin & Saviers Company, were part of a development and marketing team that managed the 309-acre Steele Crossing Mixed-Use project in Fayetteville, AR. The assignment went from inception, design, and planning, to infrastructure construction completion and land sales transactions.

RESULTS

The property was zoned and approved by the City of Fayetteville. Over $10 million of infrastructure improvements completed in 18 months. Multiple land sales over fifteen (15) years totaling over $43 million.

Rogers, AR

J.B. HUNT TOWER

ASSIGNMENT

Leasing Agent and Property Manager for a Class A 250,000 SF office building in the Pinnacle area of Rogers, AR.

RESULTS

The building is over 90% leased within one year of completion, with additional lease-up imminent in the near future. Phase II (150,000 SF) is currently under construction with Cushman & Wakefield | Sage Partners serving as investor, developer, and leasing agent.

Bentonville, AR

CROSSMAR INDUSTRIAL PARK

ASSIGNMENT

Working with ownership on the master plan of this 180-acre industrial development in Bentonville, AR. Cushman & Wakefield | Sage Partners is also the marketing agent for the park.

RESULTS

The first 150,000-sf building was completed in 2014. CWSP worked with ownership, architects, and engineers to permit the building through large-scale development to begin construction. Up to 11 buildings and over 1 million square feet are planned in the park. The first building was fully leased by construction completion, and the second building of 200,000 SF was partially leased to Walmart upon completion.

Rogers, AR

MERCY HEALTH SYSTEM

ASSIGNMENT

Representing Mercy Hospital in Northwest Arkansas. This includes detailed site selection analysis including a demographic study, traffic pattern studies, as well as extensive due diligence on specific sites. We also have represented Mercy on numerous lease and sale transactions both in Northwest Arkansas and across the region.

RESULTS

Successfully represented Mercy on site selection across the region, and closed on 31 acres in Springdale for a new Mercy Campus. Negotiated many lease transactions with positive results.

Bentonville, AR

BENTONVILLE COMMERCE OFFICE PARK

ASSIGNMENT

In 2015, Cushman & Wakefield | Sage Partners was awarded the leasing and management assignment of this 123,000-SF, eight-building office complex.

RESULTS

This property was originally acquired by the ownership through a bank sale and was 30% occupied, with a tremendous amount of deferred maintenance and a negative stigma in the market. Since that time, the property has been rebranded, and full-time management and maintenance was added. The property has now achieved an occupancy of 87%, and rates have increased from $13.50/RSF to around $16.50+/RSF on lease renewals with existing tenants.

Bentonville, AR

MOBERLY TECHNOLOGY PARK

ASSIGNMENT

Advised ownership group in the restructuring of a three-building, multi-tenant commercial office park. Cushman & Wakefield | Sage Partners is also the leasing agent for the project.

RESULTS

Developed long-term property strategy, changed the ownership structure, refinanced the credit facility, and formalized the property management and leasing process, allowing the property to produce positive net cash flow and provide growth potential. Park is over 90% leased.

Cushman & Wakefield | Sage Partners was also the project and development manager for a new 20,000 SF building recently constructed. CWSP has leased half of the building (10,000sf) to Microsoft. Other tenants in the park include IBM, Microsoft, Hewlett Packard, Cisco Systems, Sprint, Oracle, Avaya Computer Associates, and EMC.

Fayetteville, AR

STEELE CROSSING

ASSIGNMENT

Members of Sage Partners, while working with Irwin & Saviers Company, were part of a development and marketing team that managed the 309-acre Steele Crossing Mixed-Use project in Fayetteville, AR. The assignment went from inception, design, and planning, to infrastructure construction completion and land sales transactions.

RESULTS

The property was zoned and approved by the City of Fayetteville. Over $10 million of infrastructure improvements completed in 18 months. Multiple land sales over fifteen (15) years totaling over $43 million.

Springdale, AR

BNSF LOGISTICS BUILDINGS

ASSIGNMENT

Design/build process with the tenant, architects, and general contractor on two office building campuses consisting of 60,000 SF in Springdale, AR for the U.S. Headquarters for BNSF Logistics.

RESULTS

The first building was completed in September 2015 and sold in early 2019, resulting in a very large return for the partnership. The second building is currently under construction with completion scheduled for October 2019. Cushman & Wakefield | Sage Partners acquired the land, acted as development manager, and is the current property manager. The project was completed in 8.5 months, on time and under budget.

LOWELL, AR

DELTA SYSTEMS

ASSIGNMENT

Cushman & Wakefield | Sage Partners co-developed with HCH Consulting an 80,000-sf warehouse building for Delta Systems, which includes 20,000 sf of office space. The warehouse space is Class “A” and includes sophisticated infrastructure to suit Delta System’s needs.

RESULTS

Building completed on time and under budget. Cushman & Wakefield | Sage Partners helped acquire the land and was involved in the development process from start to finish with HCH Consulting.

ROGERS, AR

THE STRAND AT METROPARK

ASSIGNMENT

Co-developed a 35,000-SF two-building medical office complex in coordination with Mercy Hospital.

RESULTS

First building was completed in March 2017 and houses Internal Medicine, Rheumatology, and Radiology. The second building was completed in June 2017 and houses Orthopedics and Sports Medicine.

LITTLE ROCK, AR

BRANDON HOUSE

ASSIGNMENT

Cushman & Wakefield | Sage Partners was hired by the land developer to consult for and market the redevelopment of a 5.63-acre site located in Little Rock, AR.

RESULTS

Represented the owner in land sales to CVS Pharmacy, Dairy Queen, and Staybridge Suites hotel. Helped the developer obtain a conditional use permit for the Staybridge Suites.

SPRINGDALE, AR

WASHINGTON REGIONAL MEDICAL OFFICE

ASSIGNMENT

Development manager and owner’s representative for a two-story, 30,000-SF medical office building in Springdale, Arkansas.

RESULTS

Recommended project changes that resulted in a 20% costs savings.  Managed construction and project was completed on time and on budget.