Sage Partners brokers purchase of Springdale industrial property
With the industrial market exceeding expectations for 2021, Cushman & Wakefield | Sage Partners continues to position clients for success, most recently representing the buyer in an industrial property purchase located in an area of Springdale, Arkansas that is primed for growth.
Aaron Nicholson, executive vice president and principal with Cushman & Wakefield | Sage Partners, represented the buyer, an investment group, which was led by T. J. Lefler of newly formed Lefler Capital, LLC, in the purchase of the 98% leased industrial property located at 13465 Puppy Creek Rd. The nearly 100,000 sq. ft., multi-tenant, flex-industrial property will be rebranded as I-49 Commerce Center and was sold for $4,950,000 on October 27.
“I-49 Commerce Center is a strategically located complex, with easy access to the interstate and located in the heart of Northwest Arkansas,” said Nicholson. “Our sense is this will be a great investment for the new ownership group.”
Sage Partners will take over leasing and management of the property. Jake Cole is the assigned property manager. “The I-49 Commerce Center is a great addition to our portfolio.” said Cole. “We are excited to provide comprehensive property management services to the center.”
For more information about this transaction, current market trends, or how Sage Partners can assist you, call 479-845-3000 or visit www.sagepartners.com.