Little Rock, AR (July 20, 2022) – Tempus Realty Partners, an Arkansas-based real estate investment partnership, today announced the purchase of a 148,200-square-foot office building, the first acquisition contributing to the new Tempus Evergreen Fund. Total purchase price was $65 million.
The state-of-the-art office building, located at 4909 W. Magnolia St. in Rogers, is occupied by Transplace, an Uber Freight company that’s headquartered in Frisco, Texas.
Tempus Evergreen is a private Real Estate Investment Trust (REIT) focused on delivering long-term growth and income from high-quality real estate investments.
“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 CEO, said. “The combination of property, location and tenant quality make this an outstanding centerpiece for Tempus Evergreen.”
Transplace is the largest managed transportation service provider in North America. The Uber Freight company manages more than $10 billion in freight and has centers across the globe that generate a gross revenue of $3 billion from more than 1,000 customers. Transplace will remain a long-term tenant in the high-quality office building.
