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Shopping center in rural Arkansas changes hands


Shopping center in rural Arkansas changes hands

North Hills Shopping Center

Tenants at the center include Tractor Supply, Planet Fitness, Big Lots, Dunham’s Sports and more. (Image courtesy of Hanley Investment Group Real Estate Advisors)

A private investor has snapped up a 140,000-square-foot shopping center in Harrison, Arkansas.

Hanley Investment Group Real Estate Advisors, a real estate brokerage and advisory firm specializing in the sale of retail properties, announced that it has sold North Hills Shopping Center, a 95% occupied, junior box anchor shopping center with 100% national and regional tenants. The center’s tenants include Tractor Supply, Planet Fitness, Big Lots, Dunham’s Sports, Golden Tickets Cinemas, Factory Connection and a single-tenant Popeyes Drive-Thru.

Hanley Investment Group Executive VPs Jeff Lefko, Kevin Fryman and Bill Asher, in conjunction with ParaSell, Inc., represented the seller, a group of several partners based out of state. The buyer, a private investor from Fayetteville, Arkansas, represented itself.

“We received several offers and found a local buyer who knew the mall well and recognized the future value of a partition sales strategy and its strategic location,” Lefko said.

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