Village on the Creeks in Rogers changes hands for $32.32M

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A new real estate fund led by four notable leaders in Northwest Arkansas has closed its first acquisition for $32.32

OZRE Capital is the new owner of a large portion of Village on the Creeks, a 40-acre commercial development along interstate 49 in Rogers. The real estate fund is managed by Steve Brooks and Conner Eldridge, partners with Rogers law firm Eldridge Brooks, and Tom Gordon and Greg Smart, founders of Fayetteville-based restaurant chain Slim Chickens.

Little Rock-based Encore Bank backed the purchase with a loan and mortgage of $24.24 million. The seller was represented by Kevin Huchingson, Isaac Smith and Steve Lane with Colliers International Arkansas.

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Steve Lane

Managing Director | Arkansas

Rogers

Steve Lane is the Managing Director of the Northwest Arkansas office of Colliers International  | Arkansas. In this capacity, Mr. Lane oversees over 20 associates in various capacities while maintaining an active retail and investment brokerage business. Mr. Lane has been involved in retail brokerage, land development and investment real estate for over 25 years, and is recognized as an expert in the field of large format retail.

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Kevin Huchingson

Chairman and CEO | Arkansas

Little Rock

As Chairman and CEO of the Arkansas office of Colliers International, Kevin is responsible for oversight of company management and client development and retention. As a broker, Kevin is active in industrial, office and investment brokerage and also handles consulting assignments for individual and corporate clients. After receiving his MBA in 1993, Kevin joined the brokerage department of Barnes, Quinn, Flake & Anderson, Inc. He became a Principal in 1997 and was elected President and CEO of the firm in 2002 and was named Chairman and CEO in 2017. Kevin has guided the firm through four mergers –with IBR Real Estate, Inc. in 2003, with Lane Real Estate Services, Inc. in 2005, and with Irwin Partners and Irwin Saviers Ballard in 2017. In addition, Kevin led the firm in becoming affiliated with Colliers International in 2004.

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Isaac Smith

President

Little Rock

Isaac Smith is a President at Colliers International | Arkansas where he specializes his brokerage work in investment properties. In addition, he, along with Todd Rice, is responsible for supervising the day-to-day operations of the brokerage team. Isaac has worked extensively with the CapRocq family of real estate funds as well as Tempus Realty Partners, assisting in more than $400 million in acquisitions since 2012. Isaac joined Colliers International in 2003 as a broker, became a Principal in 2009 and was named President in 2017. He has been active in Arkansas Young Professionals and the Greater Little Rock Chamber of Commerce.

 

 

 

 

 

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