IN THE NEWS

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Former CBRE exec starts new real estate firm in Rogers

Longtime Northwest Arkansas commercial real estate broker Clinton Bennett resigned as first vice president from the Fayetteville office of CBRE Inc. after eight years to start his own firm.

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Fayetteville retirement community sold for $37 million

Rogers investment firm Beaty Capital Group Inc. completed a $37 million deal July 1 to buy the Grand Village at Clear Creek retirement community at 1998 W. Grand Blvd. in Fayetteville.

Clinton Bennett with Bennett Commercial Real Estate in Rogers and the Kutak Rock law firm represented Beaty Capital Group in the acquisition. 

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Real Deals: Procter & Gamble-leased building in Fayetteville sells for $12.7 million

A 61,017-square-foot office building in Fayetteville recently sold for $12.7 million. The purchase price equals $208.13 per square foot.

Clinton Bennett, principal broker of Bennett Commercial Real Estate in Rogers, represented the buyer.

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With expansion in mind, J.B. Hunt pays $18 million for office park near Lowell headquarters

Lowell-based J.B. Hunt Transport Services recently closed an $18 million deal to acquire a three-building office park at 506, 509, and 515 Enterprise Drive in Lowell. The 8.8-acre site is 0.5 miles north of the company’s corporate headquarters along northbound Interstate 49.

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Investors with Northwest Arkansas ties buy Lowell office park near I-49 for $12.95 million

Bennett, who recently left CBRE to open Bennett Commercial Real Estate in Rogers, will be the leasing agent and asset manager for the property. 

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BLOCK STREET BUY

A 5,438-square-foot commercial building in downtown Fayetteville changed hands recently for $925,000. The purchase price equals $170.09 per square foot.

Block Street Corner LLC, led by Cameron Clark, bought the single-story building at 102-104 N. Block Ave. 

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Commercial Real Estate In Arkansas Soars in '21

“It was definitely more heated, and I think that will continue,” said Clinton Bennett, a longtime real estate developer who started Bennett Commercial Real Estate in 2020 in Fayetteville. ““Barring some troublesome macroeconomic event popping up, if this economy continues to move the way it has been moving, then I think we will continue to see larger and larger deals in this market in the coming years.”

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Real Deals: A 4.71-acre commercial property in Rogers’ Pinnacle Hills area has a new owner after a recent sale worth $2.12 million.
Cameron Clark and Clinton Bennett with Bennett Commercial Real Estate in Rogers represented the buyer and the seller. 

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ELM SPRINGS LAND
A Georgia-based car wash chain recently completed a $1.37 million land purchase.

Clinton Bennett with Bennett Commercial Real Estate in Rogers represented the seller.

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Pinnacle Hills land sold for $6.5 million; apartment developer now holds 65 acres

Bennett, who recently left CBRE to open Bennett Commercial Real Estate in Rogers, will be the leasing agent and asset manager for the property. 

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135-Acre Port Site in Little Rock Has New Owner

The buyer, 8000 Frazier Pike LLC, is represented by Clinton Bennett, broker, and owner of Bennett Commercial Real Estate of Rogers, who said he has ownership in the Arkansas-based group behind the limited liability company.

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Office Space Q&A: Market at Post-Pandemic Crossroads

Q: How has the pandemic affected the market in terms of the types of properties and space that are in demand?
 

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Congratulations, Clinton, on being recognized as a Costar Q2 2020 Power Broker Quartly Deals Winner!

Property: NWA Bussiness Center

506, 509, 515 Enterprise Dr., Lowell, AR

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Real Deals: UA football coach buys $1.47 million Fayetteville estate

Clinton Bennett with Bennett Commercial Real Estate in Fayetteville represented the landlord.