Four Arkansas properties sell for $13.4 million

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.

9908 I-30 in Little Rock closed Aug. 27 for $2.5 million. Clark Irwin and Isaac Smith of Colliers, represented the seller, WFD Investments, LLC. The buyer, 1927 W. Beebe Capps Expy, LLC, was represented by Drew Holbert and Andrew Wiechern, also of Colliers. The 77,128-square-foot industrial property benefits from I-30 frontage and accessibility.

A portfolio of office and flex industrial buildings located at Harold and 38th Streets in North Little Rock sold Aug. 28 for $1.575 million. Clark Irwin and Drew Holbert of Colliers represented the seller, Blue Collar Holdings, LLC. Colliers’ broker Casi Runnells represented the buyer, Elements, LLC. The property consists of five buildings totaling 23,480 square feet on 2.02 acres, all fully occupied.

“All of these transactions reflect ongoing investor demand for industrial and flex assets in Arkansas,” said Colliers President Isaac Smith. “Since the pandemic, we have observed a sharp increase in the need for large warehouse and manufacturing space across the state, and, as large industrial space has become harder and harder to come by, office/industrial flex space has become the hot commodity of 2025.”