In the largest commercial real estate transactions in Northwest Arkansas last year, a pair of Little Rock-based real estate investment firms acquired a 12-property portfolio in the Pinnacle area of Rogers. The $32 million deal earned it a 2024 CoStar Impact Award, as judged by a team of local real estate professionals familiar with the market.
Natural Capital and Orion Capital Partners acquired the properties from various investment entities controlled by Hunt Ventures, led by Johnelle Hunt. The 12 properties total approximately 282,601 square feet and were about 90% occupied by nearly 60 tenants at the time of sale.
The majority of the buildings were part of the original “Pinnacle Hills” commercial real estate development, and are located in what is considered to be the “downtown” of Northwest Arkansas, with an abundance of amenities, including the Pinnacle Hills Promenade shopping area, numerous new office buildings restaurants, hotels, and many other businesses nearby.
Natural Capital is an Arkansas-based investment firm focusing on private market investments led by Managing Partner Brad Henry and partners Todd Simmons, CEO of Simmons Foods, Marshall Saviers, president of Cushman & Wakefield | Sage Partners, and Brock Gearhart, President and CEO of Greenwood Gearhart. This was the firm’s 18th investment.
Orion Capital Partners is an independent commercial real estate investment and development firm based in Bentonville, Arkansas. The firm is led by Brock Martin and Ben Lester. This acquisition adds to the firm's portfolio of more than 1 million square feet of commercial space.
The joint venture cited the quality of the properties in the portfolio and the positive absorption in the Northwest Arkansas market as reasons for the acquisition.
About the Deal: Most of the buildings were part of the Pinnacle Hills commercial real estate development and at the time of sale the properties were at approximately 90% occupied with over 60 tenants. The properties have become a part of downtown Northwest Arkansas with plentiful amenities such as restaurants, Top Golf, Walmart AMP, and the Pinnacle Hills Promenade shopping area. Arvest Bank provided the financing for the acquisition.
They Made It Happen: Tom Allen and Mathew Allen of Cushman & Wakefield|Sage Partners represented the seller in the deal. Marshall Saviers of Cushman & Wakefield|Sage Partners, who is also a partner at Natural Capital, represented the buyers in the deal.
CoStar Market Manager John Felch contributed.