Key Takeaways
- • Tempus Realty Partners' Tempus Evergreen vehicle acquired five buildings totaling 336,242 square feet across 22.5 acres in North Little Rock and Fayetteville for $42.1 million ($125 per square foot), announced July 14, 2026.
- • The portfolio comprises two anchored corporate headquarters: a two-building North Little Rock property housing Onterris Inc. (publicly traded environmental services provider) leased through December 2045, and a three-building Fayetteville complex housing Kimbel Mechanical Systems leased through June 2038, both under triple-net lease structures with built-in annual rent escalations.
- • The Fayetteville transaction totaled $27.85 million for three buildings constructed between 1991–1998 on 15.5 acres; the North Little Rock acquisition was priced at the third-party appraised value, with construction already completed at the time of purchase.
- • Tempus positioned the acquisitions for long-term holds within Evergreen, its perpetual-life investment vehicle designed for stable, income-producing assets, signaling a buy-and-hold strategy rather than near-term disposition.
- • Transaction brokers included Wade Smith, Alan Cole, and Isaac Smith of Colliers Arkansas (buyer's side) and Marshall Saviers of Cushman & Wakefield / Sage Partners (seller's side).
Summary
Tempus Realty Partners announced the acquisition of five industrial and corporate headquarters buildings across North Little Rock and Fayetteville, Arkansas, for $42.1 million through its Tempus Evergreen perpetual-life investment vehicle. The portfolio spans 336,242 square feet across approximately 22.5 acres and was acquired at $125 per square foot, reflecting a disciplined pricing approach aligned with third-party appraisals.
The transaction comprises two distinct property clusters. The Fayetteville component—valued at $27.85 million—consists of three buildings totaling 288,390 square feet on 15.5 acres located on North Shiloh Drive west of Interstate 49. These buildings, constructed between 1991 and 1998, serve as the corporate headquarters for Kimbel Mechanical Systems and are subject to a triple-net lease agreement extending through June 2038 with embedded annual rent increases. The North Little Rock cluster comprises two buildings on Northshore Drive south of Interstate 430, serving as the corporate headquarters for Onterris Inc., a publicly traded environmental services provider. That property is leased under a triple-net lease structure through December 2045, also featuring built-in annual rent escalations.
Tempus's use of Evergreen as the acquisition vehicle underscores a strategic commitment to long-term capital deployment. Evergreen is structured as a perpetual-life fund designed to hold stabilized, cash-flowing assets indefinitely rather than pursue traditional exit timelines. The completed construction status of both properties and their established tenant relationships suggest Tempus is acquiring stabilized income-producing assets positioned to generate predictable cash flows over extended holding periods.
The transaction involved multiple real estate brokers, with Colliers Arkansas representatives Wade Smith, Alan Cole, and Isaac Smith facilitating the buyer side, while Marshall Saviers of Cushman & Wakefield / Sage Partners represented the seller of the Fayetteville property. The North Little Rock property seller was identified as Tempus MMT LLC, while the Fayetteville property was sold by an Arkansas entity managed by Arkansas-based investment firm Natural Capital.
The transaction comprises two distinct property clusters. The Fayetteville component—valued at $27.85 million—consists of three buildings totaling 288,390 square feet on 15.5 acres located on North Shiloh Drive west of Interstate 49. These buildings, constructed between 1991 and 1998, serve as the corporate headquarters for Kimbel Mechanical Systems and are subject to a triple-net lease agreement extending through June 2038 with embedded annual rent increases. The North Little Rock cluster comprises two buildings on Northshore Drive south of Interstate 430, serving as the corporate headquarters for Onterris Inc., a publicly traded environmental services provider. That property is leased under a triple-net lease structure through December 2045, also featuring built-in annual rent escalations.
Tempus's use of Evergreen as the acquisition vehicle underscores a strategic commitment to long-term capital deployment. Evergreen is structured as a perpetual-life fund designed to hold stabilized, cash-flowing assets indefinitely rather than pursue traditional exit timelines. The completed construction status of both properties and their established tenant relationships suggest Tempus is acquiring stabilized income-producing assets positioned to generate predictable cash flows over extended holding periods.
The transaction involved multiple real estate brokers, with Colliers Arkansas representatives Wade Smith, Alan Cole, and Isaac Smith facilitating the buyer side, while Marshall Saviers of Cushman & Wakefield / Sage Partners represented the seller of the Fayetteville property. The North Little Rock property seller was identified as Tempus MMT LLC, while the Fayetteville property was sold by an Arkansas entity managed by Arkansas-based investment firm Natural Capital.
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