Natural Capital, an Arkansas investment firm focused on private market investments, has purchased three properties in Fayetteville.
According to Washington County property records, the acquisition price is worth a combined $24.78 million.
The properties include the headquarters of Kimbel Mechanical Systems, a specialty construction firm, as well as two additional Kimbel Mechanical Systems’ warehouses. The properties are located at 1936, 2041, and 2075 N. Shiloh Drive in Fayetteville. The buildings are a combined 285,780 square feet.
The deal, which closed November 16, was brokered by Cushman & Wakefield | Sage Partners and financed by Simmons Bank.
Part of the investment by Natural Capital includes a $500,000 expansion of the headquarters building located at 1936 N. Shiloh. The expansion project started in November and is expected to be completed by April 2022. Kimbel Mechanical Systems will remain the tenant of all three properties.
“We are excited to make this investment and partner with Kimbel Mechanical Systems,” said Brad Henry, managing partner. “This marks Natural Capital’s ninth investment as a firm. Investments like this are exactly why Natural Capital exists. We plan to invest in similar opportunities soon.”
“Purchasing Kimbel Mechanical Systems’ headquarters and executing a long-term, sale-leaseback is a win-win for all parties involved,” said Marshall Saviers, president of Cushman & Wakefield | Sage Partners. “Combining the strength of Kimbel Mechanical Systems – as a very strong company – with the continued growth opportunities in the industrial real estate market, this is a great investment for Natural Capital.”