Five buildings spanning 336,242 square feet on about 22.5 acres in North Little Rock and Fayetteville recently changed hands for a combined $42.1 million. The purchase price equals $125 per square foot.
Little Rock-based real estate investment firm Tempus Realty Partners said Tuesday (July 14) that its perpetual-life investment vehicle, Tempus Evergreen, acquired the properties, located on Northshore Drive, south of Interstate 430, in North Little Rock and on North Shiloh Drive, west of Interstate 49, in Fayetteville.
The seller of the Fayetteville property was an Arkansas entity managed by Arkansas-based investment firm Natural Capital, and the seller of the North Little Rock property was Tempus MMT LLC…