PEA RIDGE, AK – Cushman & Wakefield announced that the commercial real estate services firm has arranged the $24,800,000 sale of The Benton, a 150-unit multifamily community located at 200 Ryan Rd. in Pea Ridge, Arkansas.
Martin Bynum, Cole Herget and Craig Hey of Cushman & Wakefield represented the seller, Aria Holdings, LLC, in the transaction. The community was acquired by HPP Equity.
“Over the next handful of years, Pea Ridge will likely be one of the biggest beneficiaries to the increased demand and higher real estate pricing in the more core areas of Benton County. Pea Ridge’s proximity to new employment drivers and amenities that downtown Bentonville provides, continues to create a compelling value proposition for many. The transaction for The Benton is the first of its kind in Pea Ridge, but certainly won’t be the last for this community. We’re proud of everyone involved for navigating challenging conditions to get this deal closed,” said Bynum, Executive Director at Cushman & Wakefield.
Built in 2024, The Benton offers elevated interior finishes including premium appliances, custom granite countertops, custom cabinetry, spacious interiors with premium LVT flooring, and a modern lighting package.
"The Benton stands as a testament to the strong and growing demand for multifamily opportunities in Northwest Arkansas. Acquired pre-stabilization, HPP Equity will oversee the project’s lease-up, marking their second acquisition in the Northwest Arkansas market in collaboration with Cushman & Wakefield,” added Herget, Senior Associate at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 90-person investment sales team covering 15 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2024, the group closed $5 billion in sales volume through 172 deals and 28,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com