Colliers announced the sale of four industrial properties in Little Rock, North Little Rock, Springdale and Van Buren, totaling $13,475,000 in transaction volume.
Isaac Smith, Andrew Wiechern and Wade Smith, all of Colliers, represented buyers Van Buren, WH, LLC in a $5.7 million Van Buren warehouse transaction that closed Aug. 29. The seller, RPN Properties, LLC was represented by Tim Kwekel with Kewkel Companies of Grand Rapids, Mich. Located at 1701 S. 28th St., the 115,404-square-foot property was sold as a 15-year absolute net sale/leaseback and will continue to be occupied by lighting manufacturer Arkansas Lighting.
A 24,900-square-foot warehouse at 4659 Wildwood Lane in Springdale also sold Aug, 29 in a $3.7 million transaction. Andrew Wiechern, John Rowland and Alan Cole, all of Colliers, represented the buyer, Faulkner Akel Properties, LLC. Britnee Stearman of the Sitton Group represented the seller, Wagonwheel Holdings, LLC…