A 43,499-square-foot, three-story office property at 3350 S. Pinnacle Hills Parkway in Rogers has sold in a recent transaction valued at $12 million (about $275 per square foot).
The buyer is an LLC managed by Fayetteville-based financial adviser Patrick Cameron. The new owner intends to maintain the building in its current condition as a long-term investment and continue leasing it to existing tenants.
The sellers were LLCs associated with Les Baledge, Andrew Burnett, Johnelle Hunt, and T.J. Lefler. They had acquired the property for $10.42 million back in June 2018.
Representing the sellers were Matthew Allen and Tom Allen of Cushman & Wakefield / Sage Partners in Rogers. Philip Schmidt of Kelley Commercial Partners in Springdale handled the buyer’s side. City Title & Closing served as the title agent.
This deal highlights continued interest in quality office space in Northwest Arkansas’ thriving Pinnacle Hills corridor.
For the complete story, check out the original report in Talk Business & Politics.
