A spokeswoman for commercial real estate form Colliers International Arkansas in Little Rock confirmed to the Northwest Arkansas Business Journal on Wednesday (Jan.30) that a large portion of Village on the Creeks in Rogers and the Northwest Arkansas Business Center in Lowell are on the market.
The are owned by CapRocq, a family of real estate investment funds established in 2012 by co-founders Kevin Huchingson and Franklin McLarty along with partners Dewitt Smith and Ted Dickey. The fund now includes two additional partners - Mark Saviers and Isaac Smith - and is separated into CapRocq Core 1, CapRocq Core 2 and CapRocq Auto. CapRocq 1 and CapRocq 2 include Arkansas individual and institutional investors.
CapRocq took ownership of a large portion of Village on the Creeks - Some of the buildings in the original development are privately owned - in 2014, and the Northwest Arkansas Business Center in 2016.
"[Village on the Creeks] has been a great performing asset, highly occupied with a great tenant mx," Huchingson wrote in an email tot he Northwest Arkansas Business Journal. "Both CapRocq 1 and 2 are in a process now of selling selective assets in the portfolio."
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