The downtown Bentonville real estate scene continues to pop with activity, most recently with the sale of two retail/office buildings on Central Avenue.
Shaw Holdings LP, a group of local investors registered to Bobby G. Shaw of Springdale, recently paid $5.9 million for two buildings at 110 and 114 W. Central Ave.
Each building has three stories and combined they have 35,000 SF, a purchase price of $168 per SF.
The buildings carry an occupancy rate of 90 percent among their nine office and retail tenants.
Sage Partners, a commercial real estate services firm in Fayetteville, will be the leasing agent for the property. Its asset management arm, Sage Asset Solutions, will be the new property manager.
“Sage Partners is excited to be involved in the future of downtown Bentonville,”... [ MORE ]