Tempus Realty Partners has purchased a 148,200-square-foot office building, the first acquisition contributing to the new Tempus Evergreen Fund, a private REIT focused on delivering long-term growth and income from high-quality real estate investments.
Total purchase price was $65 million.
“This property is an excellent fit for Tempus Evergreen's objectives of long-term growth and income from top tier assets,” said Dan Andrews, Tempus Realty Partners CEO. “The combination of property, location and tenant quality make this an outstanding centerpiece for Tempus Evergreen.”
The state-of-the-art office building, located at 4909 W. Magnolia St. in Rogers, Ark., is occupied by Transplace, an Uber Freight company that's headquartered in Frisco, Texas.
