Dallas-based Cawley Partners has sold a three-story office building in Rogers to Little Rock's Tempus Realty Partners in a $65 million deal, according to recent news releases.
The property at 4909 W. Magnolia St. is fully leased to Transplace in a 16-year deal and serves as its regional operations center. It's the first acquisition of the Tempus Evergreen Fund, a private real-estate investment fund.
"This property is an excellent fit for Tempus Evergreen's objectives of long-term growth and income from top tier assets," Dan Andrews, Tempus Realty Partners chief executive officer, said in a statement.
A story by the Northwest Arkansas Democrat-Gazette in July 2021 highlighting Transplace said a subsidiary of Texas-based Uber Freight was moving into the building.