a corporate headquarters€¦ · campus located in fort smith, arkansas, and comprised of a five...

A CORPORATE HEADQUARTERS

O F F E R I N G M E M O R A N D U M

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C A M P U S I N T H E O Z A R K H I L L S

MICHAEL J. CURRANTERRY RADFORD, CPA, CCIM JOHNNY LAMBERSON

ERIC STAVRIOTIS

DAVID ERSTINE, CCIM

E X C L U S I V E M A R K E T I N G A D V I S O R S

FIRST VICE PRESIDENT

OFFICE

Harrisburg, PA

717 540 2702

[email protected]


INVESTMENT

Memphis, TN

901 260 1022

[email protected]

SENIOR VICE PRESIDENT

INVESTMENT

Memphis, TN

901 260 1060

[email protected]


INCENTIVES GROUP

Chicago, IL

312 861 7846

[email protected]

VICE PRESIDENT

OFFICE

Fayetteville, AR

479 301 2520

[email protected]

JOHN LENIO

EXECUTIVE VICE PRESIDENT

LOCATION INCENTIVES

Phoenix, AZ

602 735 5514

[email protected]

I N C E N T I V E I N Q U I R I E S

© 2018 CBRE, Inc. All Rights Reserved.

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04. Executive Summary 08. Investment Highlights 11. Building Amenities 15. Functional Floorplans 19. Fort Smith Overview 33. I-49 Corridor 34. NW Arkansas Overview

1000 Fianna WayTable of Contents

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WELCOMET O 1 0 0 0 F I A N N A W A Y

E X E C U T I V E S U M M A R Y

CBRE is pleased to present 1000 Fianna Way, a headquarters office campus located in Fort Smith, Arkansas, and comprised of a five (5) story office building totaling 318,000 SF. Situated on sixty-two (62) acres, the Property provides a natural, park-like environment with panoramic views of the Ozark Hills. Located one-mile south of Interstate 540, the Property offers efficient commutes for Fort Smith residents as well as residents of East Oklahoma and Northwest Arkansas, which is the global headquarters location for Walmart, Tyson Foods, and J.B. Hunt.

1000 Fianna Way boasts a wide array of Class A amenities, including controlled access, a fitness center equipped with men’s and women’s locker rooms, a cafeteria with a dining room that accommodates 350, two data centers, dual feed fiber and emergency generators with UPS back-up.

The Property presents a rare opportunity to acquire a corporate office campus at a substantial discount to replacement cost.

1000 Fianna Way is being offered for sale at a $15,950,000 ($50.00 PSF) asking price. Potential buyers are encouraged to submit purchase proposals based upon their review and analysis of the offering materials.


±62 Acres

Hwy 2

53

N

Fianna Way

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PROPERTY DESCRIPTION

Building and Site Profile

Address:1000 Fianna Way Fort Smith, AR 72919

Year Completed 1997

Total Size (SF): ± 318,000

Floors: 5

Typical Floor Size (SF): ± 63,000

Site Acreage ±62

Zoning: C-3

Total Parking Spaces: 1,071

Parking Ratio: 3.37 per 1,000 SF

Parking Expansion:Excess land available for parking expansion

1000 Fianna Way


Design & Construction

Architect: Cromwell

Foundation: Slab on grade

Frame: Steel Frame

Floor Structure: Metal deck and lightweight concrete

Roof: 2 Ply Modified Bitumous, with overlay of 60mil Fleeceback TPO membrane secured with low rise Olybond Adhesive

Roof Age: 3.5 years

Roof Warranty: June of 2034

Cafeteria roof being replaced now; Small reception area & Chiller building roofs (original)

Slab to Slab Height: 14.5 ft

Floor to Ceiling Height: 10 ft

Exterior Walls: Brick Veneer

Exterior Glass: Insulated, reflective, double pane

Interior Walls: 5/8 inch fire rated sheet rock with vinyl wall covering

Floor Coverings: Lobby features polished granite tile, other building floor is a combination of carpet, laminate and tile in restrooms

Ceilings: Sheetrock and 2x2 acoustical lay in tile

Lighting: T8 Fluorescent Lighting

Building Lobby Finishes: Polished granite tile and vinyl wall covering

Restrooms per Floor: 1 set (men/women) (floors 2-5)

Restrooms & Finishes: Ceramic tile and laminate countertops/stalls 1st Floor: men’s & women’sFitness center: men’s & women’s with locker roomsLobby: unisex Floors 2-5: men’s & women’s

Building Systems

HVAC Systems: (1)CVHF 570 Ton Centrifugal Chiller, (1) CVHE 380 Ton Centrifugal Chiller, (22) Trane 25hp Custom Air Handler Units, ±300 VAV boxes

Elevators: Three Dover 3500 lbs passenger, one Dover 4000 lbs service elevator

Building Automation System: Trane Tracer Summit Version 17

Life Safety & Fire Protection: Simplex 4100 Fire Panel, Tested to NFPA 72 Standards with 24 hr monitoring

Access & Security: Mag locks with card readers on all entrances/exits, Bio-Scan finger print reader on after hours entrance, security cameras providing continuous viewing/recording of the property

Emergency Power: Kohler generators power entire building (1st response), 1,000 KW 1st floor data center, 500 KW 3rd floor data center, 125 KW emergency center, CAT 500 KW & 125 KW

Utilities:

Electricity AR Valley Electric

Natural Gas Arkansas Oklahoma Gas

Water City of Fort Smith

Sewage City of Fort Smith

Telephone & Fiber AT&T/CenturyLink/Cox (dual fiber feed)

Fire and Police Fort Smith Police & Fire Departments

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Investment HighlightsB U I L T I N V A L U E

Significant Discount to Replacement Cost

1000 Fianna Way offers an opportunity to acquire an approximate 318,000 SF corporate office campus at a substantial discount to replacement cost.

Office Campus Setting

The Property is comprised of sixty-two (62) acres providing a natural, park-like environment with panoramic views of the Ozark Hills.

Numerous On-Site Amenities

The Property’s numerous amenities include controlled access, a fitness center equipped with men’s and women’s locker rooms, a cafeteria with a dining room that accommodates 350, two data centers, dual feed fiber, loading docks, and emergency generators with UPS back-up.

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Functional Floor Plans

1000 Fianna Way is comprised of five-stories with approximate 63,600 SF floorplates. The majority of the office space is open with the exception of the fifth floor which includes the executive offices and the first floor which houses the majority of the building’s amenities.

Preferred Corporate Headquarters Location

Fort Smith and the Northwest Arkansas region are the global headquarters location for Fortune 1000 Companies including Walmart (#1), Tyson Foods (#82), J.B. Hunt (#407), and ArcBest (#774). Other notable employers include The University of Arkansas, O.K. Foods, ABB (NYSE: ABB) as well as the St. Edward Mercy Medical Center and Sparks Health System.

Institutionally Maintained

Constructed in 1997, 1000 Fianna Way has been institutionally maintained with continuous service contracts in all building systems. Recent capital improvements include the installation of a new roof in 2014.

Excess Land

1000 Fianna Way is situated on sixty-two (62) acres which provides the opportunity to expand the office campus including parking.

Convenient Accessibility

Located approximately one-mile south of Interstate 540, 1000 Fianna Way offers efficient commutes for Fort Smith residents as well as residents of East Oklahoma and Northwest Arkansas.

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Building AmenitiesB U I L T I N V A L U E

Data Centers

1000 Fianna Way has two data centers, each with uninterruptible power supply (UPS): 1st Floor has two UPS - wired to all cabinets; 3rd Floor has three UPS: each cabinet has two current service contracts - tested per contracted frequency.

Security

New security cameras provide views of the parking lot, building perimeter, lobbies, common areas, elevators, and stairwells.

Generators

A Kohler 2250 KW generator is available to power the entire building as first response. There is a Kohler 1000 KW generator available for the 1st floor data center, and a CAT 500 KW generator is available for the 3rd floor data center. A CAT 125 KW generator is available for the emergency center.

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Board Room

The Property features a fifth-floor board room with balcony access, with views overlooking the Ozark Hills.

Cafeteria

The property has a commercial kitchen and cafeteria which is joined by a large dining hall that is easily transitioned into a meeting room that comfortably seats 350 people, with full audio/visual capabilities.

Fitness Center

The well-equipped fitness center, located on the first floor, is equipped with men’s and women’s locker rooms.


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F I R S T F L O O R

1000 Fianna Way features flexible and efficient floor plans, designed to create an open and dynamic space for employees.

Functional Floorplans

N

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S E C O N D F L O O R

T H I R D F L O O R

N


F O U R T H F L O O R

F I F T H F L O O R

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Fort Smith, ArkansasO V E R V I E W

ON THE BORDER AND IN THE MIDDLE OF IT ALL

As the second largest city in Arkansas, Fort Smith provides a picturesque setting for future business development. Located along the Arkansas/Oklahoma state line, Fort Smith sits at the center of the United States, at the I-40 and I-49 junction. Fort Smith is known as a regional industrial center, with national manufacturers producing and shipping products across the country, as well as a retail, medical and educational hub.

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Fort Smith, Arkansas

Development

A city shaped by the pioneer spirit and driven by the slogan “Where the New South Meets the Old West.” Fort Smith is seeking to develop its economic core and pushing towards the future, while actively celebrating its past. Home to many museums and historic attractions such as the Belle Grove Historic District and the United States Marshals Museum (opening in 2019), the residents here embrace their 200 year history and invite visitors to share in their rich heritage.

96.3%Employed

287,227MSA Population

316Acres of Public

Park Space

14%Lower Living

Cost Compared to the National

Average

19%Lower Business Cost Compared to the National

Average

$$

total development

in capital investment

new jobs created

successful economic development projects

2012-2017

+120

5,852

$1 BILLION

O V E R V I E W


Fort Smith’s largest populations are Baby Boomers and Gen Z (‘00-’18), each accounting for about quarter of the population

new commercial/retail business permits

Home of the US Marshal’s

Museum

Top 10Ranked True

Western TownTRUE WESTERN MAGAZINE, 2018

Commercial/Retail

in capital investment

1,131

$506 MILLION

Daily direct flights to Dallas, TX and

Atlanta, GA from Fort Smith Regional Airport

2012-2017

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Fort Smith, ArkansasMarket Overview

Office Vacancy Rate of 5.3%

The Fort Smith metro has seen office vacancies decline consistently since 2016.


Largest Employers

Fort Smith’s largest employers include:

In the past year, Fort Smith has seen an 8.81% increase in office employment.

1. O.K. Foods Inc. (3,235)2. Mercy Hospital (2,300)3. ABB Group (1,942)4. Sparks Health System (1,578)5. ArcBest Corp. (1,243)6. Walmart Stores Inc. (1,000-2,499)7. Rheem Manufacturing Co. (900)8. Bost Inc. (800)9. Sykes Enterprises (800)10. Gerber Products (650)

11. University of Arkansas-Fort Smith (580)12. Choctaw Casino & Resort Pocola (580)13. Area Agency on Aging (521)14. Gerdau Specialty Steel (500-999)15. Cloyes Gear (400)16. Hickory Springs Manufacturing (400)17. Planters Co.-Kraft (350)18. Twin Rivers (346)19. Georgia Pacific Corp. (325)

Source: Fort Smith Chamber of Commerce, 2016

G R O W I N G E M P L O Y M E N T

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ABB Group (NYSE: ABB) is a Swedish-Swiss multinational corporation that operates in the robotics, power, heavy electrical equipments, and automation technology industries. The Baldor Electric Company, headquartered in Fort Smith, Arkansas was acquired into ABB in 2011, and fully adopted the ABB name and branding in 2018. This location markets, designs, manufactures, and provides service for industrial electric motors, generators and mechanical power transmission products.

5711 RS Boreham Jr StreetFort Smith, AR 72908

Founded more than 80 years ago, OK Foods has evolved from a livestock and poultry feed manufacturer to one of the world’s largest fully-integrated chicken producers. In November 2011, OK Foods was integrated into Industrias Bachoco located in Celaya, Mexico. Today, the OK Foods family includes more than 3,000 team members who are dedicated to producing consistently high-quality chicken products and nourishing people around the world.

4601 North 6th StreetFort Smith, AR 72904

L A R G E S T E M P L O Y E R S

Fort Smith, Arkansas

Sample Overview


ArcBest provides integrated shipping, supply chain optimization, and logistic solutions. As a diverse logistics company with assured capacity options, ArcBest takes a holistic approach to solving complex transportation and logistics challenges, while delivering consistent service for day-to-day operations. ArcBest broke ground on their current corporate headquarters in Fort Smith, Arkansas in 2015, paving the way for growth throughout the state with its plan to add 975 jobs through 2021.

8401 McClure Drive Fort Smith, AR 72916

Rheem Manufacturing Company Inc. manufactures heating, cooling, water heating, pool/spa heating, and commercial refrigeration products for customers in North America and internationally. Fort Smith, Arkansas has been home to Rheem’s Heating and Cooling manufacturing since 1970, providing more than 900 jobs.

5600 Old Greenwood RoadFort Smith, AR 72908

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Fort Smith, ArkansasA P L A C E T O L E A R N , G R O W , A N D F L O U R I S H

EDUCATION

University of Arkansas – Fort Smith

The University of Arkansas – Fort Smith offers a dynamic learning environment for nearly 7,000 students each semester. Small class sizes and applied learning opportunities support the student-centered education that has defined UAFS since its founding in 1928, propelled by an $80 million endowment. UAFS offers 60 bachelor’s and associate degrees, 35 certificates, and a master’s program with state-of-the-art campus facilities utilized by every program to ensure the most up-to-date, hands-on training.

For students who want to live in the thick of campus life, UAFS offers a residence hall with a full-service dining hall and an apartment complex for upper-level students. The Lions and Lady Lions compete in NCAA Division II baseball, women’s volleyball, and men’s and women’s basketball, tennis, cross country, and golf.

Arkansas College of Osteopathic Medicine

The Arkansas College of Osteopathic Medicine (ARCOM) campus features a 102,000 SF facility in the second largest city in Arkansas. Located on 227 acres, the building promotes the highest level in information technology. Emphasizing interdisciplinary collaboration, the curriculum guides students to develop a holistic, osteopathic approach to medicine continuously correlating basic science information and methodology with fundamental clinical application.

Arkansas College of Health Sciences

This year construction will begin on the $15 million, 60,000-square-foot college is expected to be ready for classes in 2020. The new building will be home to multiple disciplines, including a master of nursing program, a physician assistant program and a post-baccalaureate master’s program.


Fort Chaffee provides RPA-Drone training/

intelligence operations

Fort Chaffee Maneuver Training Center

Fort Chaffee Maneuver Training Center for Light Combat Forces is located southwest of Fort Smith, Arkansas and serves as a training installation for the Army Reserve and National Guard, and temporarily hosts active soldiers.

Arkansas College of Health Science: Student Focused Development

Along with construction of the new Arkansas College of Health Science, an additional student-focused neighborhood is planned to have 30 categories of retail such as grocery stores, apparel stores and home furnishings, and 10 restaurants. Within the next 10-15 years, 1,900 housing units are planned for the neighborhood including 1,020 single-family detached homes, 625 multi-family homes for rent, 215 single-family attached homes and 125 multi-family homes for sale.

An additional 80 apartment units are planned for The Residents, the school’s student housing development as part of Phase II of development. The apartments are technologically integrated with the school – if a student is sick and needs to stay home, he or she can watch class from home, all utilities, including cable, are covered by the school. Phase I of development included 84 apartment units, a fitness center, dog park, swimming pool, and study rooms.

Fort Chaffee employs over 1,000 Army Reserve and National Guard

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Sparks Regional Medical Center

The Sparks Regional Medical Center became Arkansas’ first hospital, founded in 1887. Today this trusted hospital system skillfully combines advanced technology, expert care, clinical research and a commitment to patient safety to keep our patients in excellent health. SRMC serves a population of more than 350,000 in the surrounding 11-county area, and is committed to being a community and healthcare leader.

Top Performer on Key Quality Measures®

in five key measures: Heart Attack, Heart Failure, Pneumonia,

Surgical Care, Immunization and

Perinatal Care – 2014, The Joint Commission

Sparks Regional Medical Center, its Pathology

and Clinical Laboratory, Sparks Health System’s Home Health Program and all Provider Based

Clinics are Joint Commission Accredited with the Gold Seal of

Approval

Mercy Hospital

St. Edward’s Mercy Medical Center, now named Mercy Hospital Fort Smith, has more than a 100-year history of providing care to all who need it. As a 336-bed acute care hospital with a dedicated team of health care professionals, innovative technology and new services, Mercy seeks to continue its tradition of compassionate care and exceptional service. Mercy provides an outpatient center; a women’s center; a Level III neonatal intensive care unit; the Hembree Cancer Center; a sleep disorders center; and wound care with hyperbaric medicine.

Mercy Hospitals were name one of the top five large U.S. health

systems – 2017, Truven

“Most Wired Advanced” health care

organization – (1999-2017),

American Hospital Association

MEDICAL HUB


Peacemaker Music & Arts Festival

The mission of the Peacemaker Music & Arts Fest is to bring a diverse cultural, musical and artistic experience to Downtown Fort Smith. The event is dedicated to the enhancement of cultural experiences and improving the quality of life for residents, businesses and visitors alike. The Peacemaker music and arts festival is committed to being a forum for local, regional and national acts and artists. The Peacemaker Music & Arts Fest was created to expand people’s cultural knowledge by offering a diverse experience of multiple genres of music including country, rock, bluegrass, gospel, and blues acts.

Nature Trails/Outdoor Lifestyle

Nestled in a scenic valley of the Boston Mountain Range of the Ozark Mountains, this state park offers outdoor adventures including camping, fishing, kayaking, swimming, mountain biking, hiking, and nature study. For backpackers, the park serves as the western terminus of the 165-mile Ozark Highlands National Recreation Trail.

Located on the western side of 1,400-acre Lake Fort Smith, this state park features all new facilities including campsites [20 Class AAA and 10 Class B], a group lodge with kitchenette that can accommodate up to 32 persons (16 in each wing), picnic sites, a pavilion, 2,660-square-foot swimming pool with adjacent wading pool and a splash pad, marina with boat rentals, double lane boat launch ramp, hiking trails, playground, and an 8,000-square-foot visitor center with exhibits, meeting/classroom, and an outdoor patio featuring a native stone, wood-burning fireplace and a view towards the lake.

ENTERTAINMENT

Riverfront Blues Festival

Hosted by the Riverfront Blues Society, with a mission to preserve and promote the blues. The Riverfront Blues Festival is held at the Harry E. Kelley Park outdoor amphitheater each summer.

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Fort Smith is no more than four and a half hours from many surrounding major cities within the region, providing a convenient logistic position for same-day deliveries.

1 hourFayetteville, AR

41/2 hoursMemphis, TN

41/2 hoursShreveport, LA

41/2 hoursDallas, TX

3 hoursOklahoma City, OK

2 hoursTulsa, OK

4 1/2 hoursKansas City, MO

21/2 hoursLittle Rock, AR

11/2 hoursBentonville, AR

C O N V E N I E N T A C C E S S I B I L I T Y


Fort Smith Regional Airport

The Fort Smith Regional Airport meets the transportation needs of residents and businesses of Western Arkansas and Eastern Oklahoma, providing travelers with daily connections to Dallas/Fort Worth and Atlanta through American Airlines and Delta Airlines. Priding itself on the Southern hospitality that it displays for its visitors, in 2005, the Fort Smith Regional Airport was awarded Cintas’ America’s Best Restroom.

Distance from 1000 Fianna Way: 17 minutes

Northwest Arkansas Regional Airport

The Northwest Arkansas Regional Airport (XNA) is served by American Airlines, Delta Airlines, United Airlines, and Allegiant Airlines, with non-stop services to 14 destinations. Customers from northwest Arkansas, northeast Oklahoma and southwest Missouri call XNA their airport of choice.

Distance from 1000 Fianna Way: 11/2 hours (Bentonville)

CONVENIENT TRANSPORTATIONACCESS TO MAJOR MARKETS

Tulsa International Airport

The Tulsa International Airport (TUL) serves five million annually from the four-state region of northeast Oklahoma, Kansas, Missouri and Arkansas. Tulsa Transit operates the local bus service in Tulsa and several surrounding communities.

Distance from 1000 Fianna Way: 2 hours

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Interstate 49 CorridorA R E G I O N A L C O N N E C T I O N

KEY LOGISTIC ACCESS TO BOTH REGIONAL AND NATIONAL MARKETS

Interstate 49 stretches in two sections, first from the gulf town of Lafayette, Louisiana, up to Texarkana on the southwestern Arkansas border. The second section picks up in Fort Smith, Arkansas, traveling through the industry-dense I-49 Corridor of Fayetteville, Rogers, Springdale, and Bentonville in northwest Arkansas, and continuing up to Kansas City, Missouri. This highway supply route is pivotal to many corporations headquartered in Northwest Arkansas, including Walmart, Tyson Foods, and J.B. Hunt Transportation.

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Northwest ArkansasM A R K E T O V E R V I E W

#1 BEST PLACE FOR BUSINESS AND CAREERS

11.6 MILLIONOffice

Inventory (SF)

$20.63/SFAverage

Asking Rate

9.1%Office

Vacancy

±9,000 SFAverage

Vacancy Size

Northwest Arkansas’ rapid growth has fueled a boom in commercial real estate for the last fifteen years. New construction in the Fayetteville area includes additions to the University of Arkansas and a new Whole Foods grocery store that will anchor a $10 million shopping center near Northwest Arkansas Mall. Continued enrollment at the University of Arkansas has boosted multifamily construction and the majority of office construction activity occurs around the I-49 and New Hope Road/Pauline Whitaker Parkway. This interchange offers an increasing amenity base, easy access to the Northwest Arkansas Regional Airport, and easy access to the national headquarters of companies like Walmart and J.B. Hunt.

Local Market

Northwest Arkansas’ commercial office market has seen more than a million square feet of office space built in the past years. New office projects such as Midtown in downtown Bentonville, 8W in Bentonville, Bentonville Plaza, Hunt Tower and Pinnacle Center have all added significant chunks of space to the office market in recent years while fetching premium rents eclipsing the $25 per sq. ft. range. Looking ahead, office construction growth is likely to remain buoyant as many regional suppliers expand to meet the needs of consumer driven industries such as international retail, food distribution and logistics, and supply chains.

Office Growth

Southeastern Conference by Forbes – 2016


FAYETTEVILLE

SPRINGDALE

ROGERS

BENTONVILLE

1. Walmart Stores Inc. (25,400)2. University of Arkansas (6,750)3. Tyson Foods Inc. (4,300)4. J.B. Hunt Transport Services Inc. (3,000)5. George’s Inc. (2,500)6. Washington Regional Medical Center (2,200)7. Mercy Health System of NWA (1,850)8. Northwest Medical Center (1,600)9. Twin Rivers Group (1,600)10. Serco (1,600)

Source: Rogers-Lowell Area Chamber of Commerce, 2017

Largest Employers

NW Arkansas’s largest employers include:

Attractive Corporate LocationWith a unique combination of corporate headquarters operations, talent, and research, Northwest Arkansas is recognized as a world-wide center of excellence in retail, food, logistics, and sustainability. New, innovative companies are starting to move here every day and the area boasts a diverse, growing workforce of more than 250,000. A large concentration of corporate headquarters has attracted affiliated workers, which is nearly seven times higher than the national average. Over 30,000 college students attend universities and colleges in Northwest Arkansas, giving companies a talent-rich pipeline of potential employees. These entities work with local business and industry to meet existing and new workforce needs.

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Northwest Arkansas Highlights planned hires over the next three years

2017 2,498

Source: Northwest Arkansas 2017 Regional Employer Survey

Walmart702 SW 8th StreetBentonville, AR 72716

Considered the world’s leading retailer with thousands of stores in the United States alone, there is a Walmart within driving distance of most cities and towns in the United States. Walmart offers discount prices on many major food, clothing and housewares brands, but the company also sells Walmart branded merchandise comparable to major brands at an even sharper discount.

1 University of ArkansasFayetteville, AR 72701

Founded in 1871, the University of Arkansas is the flagship of the University of Arkansas System. With 27,000 students enrolled, representing all 50 states and more than 120 countries. The University of Arkansas has ten colleges and schools offering more than 210 academic programs, and is accredited by the Higher Learning Commission. The Carnegie Foundation classifies the University of Arkansas as having “the highest possible level of research,” placing the university among the top 2 percent of colleges and universities nationwide.

University of Arkansas

L A R G E S T E M P L O Y E R S

Northwest Arkansas


of companies plan expansions over the next three years

planned investment over the next three years

$747 MILLION 19%

Tyson Foods2200 W Don Tyson Parkway Springdale, AR 72762

Tyson Foods Inc., headquartered in Springdale, Arkansas, is one of the world s largest processors and marketers of chicken, beef and pork and is one of the largest food companies in the Fortune 500. The company produces a variety of protein-based and prepared food products, which are marketed under the Powered by Tyson strategy. The company has approximately 114,000 workers employed at more than 300 facilities and offices in the United States and throughout the world.

J.B. Hunt615 J.B. Hunt Corporate Drive Lowell, AR 72745

J.B. Hunt Transport Services, Inc., a Fortune 500 company and one of the largest transportation logistics companies in North America, is headquartered in Lowell, Arkansas. Providing safe and reliable transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico, J.B. Hunt utilizes an integrated, multimodal approach, providing capacity-oriented solutions centered on delivering customer value and industry-leading service.

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Affiliated Business Disclosure

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

Disclaimer

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.


MICHAEL J. CURRANTERRY RADFORD, CPA, CCIM

ERIC STAVRIOTIS

DAVID ERSTINE, CCIM

E X C L U S I V E M A R K E T I N G A D V I S O R S


ADVISORY & TRANSACTION

Harrisburg, PA

717 540 2702

[email protected]


INVESTMENT

Memphis, TN

901 260 1022

[email protected]


INCENTIVES GROUP

Chicago, IL

312 861 7846

[email protected]

VICE PRESIDENT

ADVISORY & TRANSACTION

Fayetteville, AR

479 301 2520

[email protected]

JOHN LENIO

EXECUTIVE VICE PRESIDENT

LOCATION INCENTIVES

Phoenix, AZ

602 735 5514

[email protected]

I N C E N T I V E I N Q U I R I E S

JOHNNY LAMBERSON


INVESTMENT

Memphis, TN

901 260 1060

[email protected]

3945 N VANTAGE DRIVE, SUITE 3, FAYETTEVILLE, AR 72703

a corporate headquarters€¦ · campus located in fort smith, arkansas, and comprised of a five...

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