Cushman & Wakefield | Sage Partners and Lighthouse Asset Advisors successfully represented an investor group in acquiring Beau Terre Office Park, a 378,493-square-foot office development located at 1005 Beau Terre Drive in Bentonville, Arkansas. The 35-building property was sold for $44,600,000 on October 16, 2024, to a group of investors led by George Dunklin.
Ted Dickey of Lighthouse Asset Advisors and Marshall Saviers, Aaron Nicholson, Johnny Galloway, and Ethan Fowler of Cushman & Wakefield | Sage Partners represented the buyer in the transaction. Focus Commercial Real Estate, led by Butch Gurganus, represented the seller and will continue to lease and manage the property.āThe value proposition is simple,ā Ted Dickey said. āConstruction costs are up, office vacancy is down, and Beau Terre is incredibly well-located. We are 5 minutes to the new Walmart home office, 9 minutes to the Pinnacle Hills/Rogers area, and directly connected to the bike trails to the north.ā
āBeau Terreās location with 77 acres on a major exit of I-49 gives tenants a competitive advantage,ā said Marshall Saviers. āIts proximity to the new 350-acre Walmart HQ, Crystal Bridges and downtown Bentonville make it a highly attractive option for companies looking to grow in Northwest Arkansas.ā
The Sellers, BH Property Ventures, led by Patrick Byrd and Alex Baumeister, will remain investors with the new group.
For more information about this transaction, visit https://www.arkansasbusiness.com/article/bentonville-office-development-sells-for-44-6m/.
