Key Takeaways
- • Tempus Realty Partners' perpetual-life investment vehicle, Tempus Evergreen, acquired five buildings totaling 336,242 square feet across 22.5 acres in North Little Rock and Fayetteville for a combined $42.1 million ($125 per square foot).
- • The Fayetteville portfolio comprises three buildings (288,390 square feet on 15.5 acres) purchased for $27.85 million; the North Little Rock property consists of two buildings purchased at third-party appraised value and houses the corporate headquarters of publicly traded environmental services provider Onterris Inc.
- • Both properties are leased on triple-net lease agreements with built-in annual rent escalations—the North Little Rock headquarters leased through December 2045 and the Fayetteville headquarters (Kimbel Mechanical Systems) leased through June 2038, providing long-term income stability.
- • Tempus Evergreen acquired the properties as permanent holds aligned with the fund's perpetual-life investment mandate, positioning the completed construction assets for extended institutional ownership rather than short-term disposition.
- • Colliers Arkansas brokers represented the buyer in the Fayetteville transaction, while Cushman & Wakefield / Sage Partners represented the seller; the North Little Rock property was transitioned from Tempus MMT LLC and the Fayetteville property from an Arkansas entity managed by Natural Capital.
Summary
Tempus Realty Partners announced the acquisition of five commercial buildings across North Little Rock and Fayetteville, Arkansas, totaling $42.1 million through its perpetual-life investment vehicle, Tempus Evergreen. The transaction, announced July 14, encompasses 336,242 square feet across approximately 22.5 acres, representing an acquisition price of $125 per square foot.
The portfolio is geographically split between two primary locations. The Fayetteville segment comprises three buildings spanning 288,390 square feet on 15.5 acres, purchased for $27.85 million. These properties, located on North Shiloh Drive west of Interstate 49, were constructed between 1991 and 1998 and serve as the headquarters of Kimbel Mechanical Systems, a mechanical contracting firm. The North Little Rock segment consists of two buildings at 5110 and 5120 Northshore Drive, south of Interstate 430, which house the corporate headquarters of Onterris Inc., a publicly traded environmental services provider. The North Little Rock property was acquired at third-party appraised value and features completed construction.
Both properties are structured under triple-net lease arrangements with long-term tenant commitments and built-in annual rent escalations, supporting recurring revenue streams. The Fayetteville property is leased through June 2038, while the North Little Rock headquarters operates under a triple-net lease extending through December 2045. This extended lease duration aligns with Tempus Evergreen's perpetual-life mandate for long-term institutional ownership and stability.
Colliers Arkansas brokers—Wade Smith, Alan Cole, and Isaac Smith—represented the buyer in the Fayetteville transaction, with Marshall Saviers of Cushman & Wakefield / Sage Partners representing the seller. The North Little Rock property transferred from Tempus MMT LLC, while the Fayetteville properties were sold by an Arkansas entity managed by Natural Capital. The acquisition reflects Tempus's strategy to deploy Evergreen's capital into completed, income-producing real estate with institutional-quality tenants and long-duration lease agreements.
The portfolio is geographically split between two primary locations. The Fayetteville segment comprises three buildings spanning 288,390 square feet on 15.5 acres, purchased for $27.85 million. These properties, located on North Shiloh Drive west of Interstate 49, were constructed between 1991 and 1998 and serve as the headquarters of Kimbel Mechanical Systems, a mechanical contracting firm. The North Little Rock segment consists of two buildings at 5110 and 5120 Northshore Drive, south of Interstate 430, which house the corporate headquarters of Onterris Inc., a publicly traded environmental services provider. The North Little Rock property was acquired at third-party appraised value and features completed construction.
Both properties are structured under triple-net lease arrangements with long-term tenant commitments and built-in annual rent escalations, supporting recurring revenue streams. The Fayetteville property is leased through June 2038, while the North Little Rock headquarters operates under a triple-net lease extending through December 2045. This extended lease duration aligns with Tempus Evergreen's perpetual-life mandate for long-term institutional ownership and stability.
Colliers Arkansas brokers—Wade Smith, Alan Cole, and Isaac Smith—represented the buyer in the Fayetteville transaction, with Marshall Saviers of Cushman & Wakefield / Sage Partners representing the seller. The North Little Rock property transferred from Tempus MMT LLC, while the Fayetteville properties were sold by an Arkansas entity managed by Natural Capital. The acquisition reflects Tempus's strategy to deploy Evergreen's capital into completed, income-producing real estate with institutional-quality tenants and long-duration lease agreements.
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