Construction on a 12,000-SF retail center in south Bentonville should be completed by the end of the month.
The center, located at the southeast corner of SW Regional Airport Boulevard and Eden Brooke Street, is owned by Cabe Ranch Leasing LLC, led by Keith Naples of Texarkana. Naples paid $850,000 for the 1.93 acres in the summer of 2015; Bella Terra LLC of Fayetteville, led by John Russell Meeks and John Ed Chambers III, was the seller.
Jordan Jeter and Mac Tatman of Flake & Kelley Commercial Northwest are handling the leasing. One tenant, a nail salon, has already committed and two more tenants are close to finalizing deals, Tatman said.
Tatman said those two deals, if they go through as expected, will have the center at 50 percent filled by the time construction is completed. Tatman said the original plan was for the center to break down its 12,000-SF into six 2,000-SF spaces.
The three expected tenants are expected to finish out their respective spaces after construction is completed. Tatman said the center would like to have restaurants on each end of the property, with one utilizing a drive-through window.
“We’re hearing from quite a few guys on it,” Tatman said.