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Bentonville building on downtown square changes hands for $2.75M

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It's not often a commercial building on the square in downtown Bentonville changes hands. So when it does, it's news.

According to property records, the 4,552-square-foot building at 104 E. Central Ave. sold recently for $2.75 million.

The purchase price equals a whopping $604.13 per square foot. Now you know why property transactions on the square are not a regular occurrence. MLC Inc., registered to Ann Bogle McKenzie, bought the two-story building facing the square from Arend LLC, registered to Debi Havner.

Josh Holland with Coldwell Banker Harris McHaney & Faucette represented the buyer. Steve Lane with Colliers Arkansas in Rogers represented the seller. Colliers listed the property at $2.95 million.

To read the full article click HERE.


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Steve Lane

Managing Director | Arkansas

Rogers

Steve Lane’s professional career spans three decades and covers a wide variety of commercial real estate disciplines including corporate real estate, land development, sales and leasing, structuring investments, and asset management. 

Lane began his career in Arkansas in 1992 with Walmart Stores’ Real Estate Department, where he became a top producer.  After leaving Walmart to pursue shopping center development, Lane served as a Vice President for a national Real Estate Investment Trust (REIT) before forming a brokerage business in Northwest Arkansas.

Lane merged his brokerage firm with Colliers International in 2004 and currently serves as Managing Director of the Northwest Arkansas office, where his responsibilities include the overall financial performance of the office as well as his personal brokerage.  He has received the Everest Club designation from Colliers multiple times, which recognizes the top 10% of all Colliers commercial real estate brokers throughout the United States.  His personal brokerage focus has been in retail, specifically shopping centers, and he has represented Ross Dress for Less stores in multiples states for over 15 years.  Lane currently has a strong focus on sponsoring investment groups to pursue Northwest Arkansas opportunities. 

Lane has been active in the nonprofit world and has served on the charitable boards of the Bentonville Public School Foundation, has been a fundraiser for Court Appointed Special Advocates (CASA), and has served on the board of Excellerate Foundation for the past seven years as well as two years as Chairman.  Lane has also served as a member of the Federal Reserve Bank’s Eighth District Industry Council as a real estate advisor.

Lane holds a Bachelor of Science in Civil Engineering degree from the University of Missouri.  He lives in Rogers with Kim, his wife of 26 years, and their two children Sophie and Mason, where they are active members of Central United Methodist Church.

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