New Crye-Leike Realtors Building Set for Bentonville – Arkansas Business

By Worth Sparkman

 

2/22/2010

 

Construction of a new Crye-Leike Realtors office is under way at 800 SE Walton Blvd. in Bentonville. The lot is in the Fountain Plaza development.

 

A construction permit valued at $1.56 million was purchased in November, but officials said the mortgage including land purchase was about $2.2 million. Signature Bank of Arkansas is providing the financing.

 

The 12,646-SF building will become home to about 30 agents who currently work in two different locations. Crye-Leike will occupy about 5,600 SF of the building and lease about 7,000 SF.

 

The lease rate is planned to be $16.50 per SF, plus the triple net rate of sewer, trash, taxes and maintenance, which is expected to run $2.50 per foot.

 

BCC Construction of Little Rock is the general contractor. Fleming Electric of Springdale is the electrical contractor, Air Works of Springdale is the heating and air contractor and Tuggle Construction Management of Fayetteville will do the insulation work. Quality Plumbing & Backflow of Lowell is the plumbing contractor.