Riverdale Shopping Center sold to group of Arkansas partners for $16 million, redevelopment project announced

Cushman & Wakefield | Sage Companions introduced on Monday that it brokered the sale of the Riverdale Shopping Middle, household of Riverdale 10, Full Hog Cafe and Ace Hardware, for just over $16 million on Could 20. The 212,000 square foot retail center, situated at 2500 Cantrell Road, is set for redevelopment, the release explained.

The customer is Xcited Riverdale LLC, a team of Arkansas associates formed by T.J. Lefler with Lefler Funds of Fayetteville.

“This is a key redevelopment possibility,” Lefler reported. “We have options to enhance the façade, paint, parking great deal, landscaping amongst numerous other enhancements. We also have a handful of new tenants coming that will be introduced soon.”

So significantly Consume My Catfish is the only tenant declared. It will be situated on the endcap of the retail advanced. “We are thrilled to aid redevelop this timeless centre and be a aspect of the Riverdale community,” claimed Travis Hester, proprietor of Try to eat My Catfish, and a husband or wife in the task. Try to eat My Catfish has places in Little Rock, North Minor Rock, Fayetteville, Benton, Conway, Rogers and Siloam Springs.

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About Cushman & Wakefield | Sage Associates

Cushman & Wakefield | Sage Partners, a member of the Cushman & Wakefield Alliance, is a domestically owned and operated entire-assistance commercial true estate organization specializing in brokerage, capital marketplaces, and asset services. With places of work in Rogers and Small Rock, Ark., Sage Companions manages and markets additional than 7 million square toes of office, industrial, retail and clinical houses across various states. For a lot more facts, take a look at www.sagepartners.com.