RPM Group represents buyer and seller in $3 million industrial sale

October 15-21, 2018

RPM Group/Corfac International, a leading full-service real estate brokerage specializing in commercial sales and leasing announced today the sale of 801 Fiber Optic Drive (former Fed Ex Building) in North Little Rock, Ark. The approximately 56,336-square-foot building located on 10.95 acres sold for $3,250,000. Rick Freeling, SIOR, president of RPM Group Commercial division; Maury Mitchell, SIOR, senior vice president; and John Burnett, SIOR represented the Seller. HCI Limited Partnership with Maury Mitchell represented the Buyer, Nabholz Construction Corporation in this transaction.

 

Nabholz plans to relocate four of their operations (Industrial Services, Specialty Services, Environmental Services, Fleet Equipment and Services) into the new building. The new facility will house approximately 120 jobs that support these four operations. Nabholz will self-perform renovations to the existing office space, as well as add an additional 6,600 square feet of office space to the existing building.

 

“Over the past decade, these operations have grown exponentially. To sustain that growth, we previously purchased four separate properties that now make up our current campus. Once we are all in the same building we will be able to collaborate better in-house to better serve our client base,” said Ben Montgomery, president of Nabholz’ Industrial operation. “We are looking forward to moving into our new North Little Rock home in the spring once construction is complete.”

 

With over 300 associates, RPM Group is Arkansas’s largest, full-service real estate company. The Operating divisions include RPM Commercial and Investment, RPM Management and Coldwell Banker RPM Group (residential). Together, the divisions provide a breadth of real estate focused services unmatched in the state, including commercial sales, leasing and investment, property management, residential sales and leasing, construction and development. The Little Rock based company was founded by William F. Rector in 1955.

 

Source: RPM Group