CushWake Brokers Sale of 237-Unit Apartment Community in Arkansas
Cushman & Wakefield has arranged the sale of Towne Park at Har-ber, a 237-unit apartment community located in Springdale, AR. Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, BSR REIT, in the transaction. Block Funds acquired the property. The sales price was not disclosed.
Built in 2016, the community is located within a desirable submarket in Springdale. Amenities include swimming pool with sun deck, a fitness center and community clubhouse.
“Towne Park at Har-ber is one of the area’s most prized assets and is in great position for future growth,” said Bynum. “New ownership is excited to expand its holdings with one of the premier assets in Northwest Arkansas.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.