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.