Restoration and Development of Historic Warehouse Plans Announced
Bentonville, AR — Newmark Moses Tucker Partners announced a $3 million redevelopment plan of the former Bentonville Public School District Warehouse Building. The plan encompasses a total restoration of the entire warehouse into class A office space. Newmark Moses Tucker Partners have been hired as the developers of the property with Red 5 Construction heading the construction along with Nielson Architects. Completion of the project is scheduled for summer 2019. 10th & Main is located in the middle of the vibrant downtown Bentonville area across the street from Thaden School.
“This highly sought out property will be immediately renovated into a marquee downtown Bentonville office product. Newmark Moses Tucker Partners continues to be the leader in Commercial Redevelopment projects in the Bentonville market”, Paul Esterer.
"We plan to redevelopment the property into great Class A office space while keeping the industrial feel of the building, both inside and out. We love the property's location at 10th and Main Streets, as it will provide our tenants easy access to downtown businesses, housing, recreation and restaurants" Jeff Snyder.
The development and leasing efforts are being led by Paul Esterer, principal and president of the Northwest Arkansas division of Newmark Moses Tucker Partners and Jeff Snyder, managing director. They represented the Buyer, 10th & Main, LLC, in the purchase of the 12,518 square foot building and have already preleased over 36% of the office space while actively marketing the remaining 8,000 square feet.
About Newmark Moses Tucker Partners Newmark Moses Tucker Partners is a full-service commercial real estate operation, offering services including, but not limited to, tenant representation, landlord representation, real estate and economic consulting services, investment sales and capital markets, property and facilities management. Formed in 2018 resulting from a merger between two companies, Moses Tucker Real Estate and Newmark Grubb Arkansas, Moses Tucker Partners offers a full spectrum of commercial real estate services for clients throughout Arkansas, combining the strengths of the two companies to enhance and broaden its expertise and capabilities. The firm’s headquarters is in downtown Little Rock, with offices in Bentonville and Fayetteville. Newmark Moses Tucker Partners is the second largest commercial brokerage and management firm in the state, with 6.7 million square feet of commercial space under management in Arkansas and approximately 100 brokers and employees among three offices. For more information visit www.newmarkmtp.com.
