Cushman & Wakefield has arranged the sale of The Fitzroy Grove, a 250-unit multifamily community located in Rogers, Arkansas. Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, Huffman & Company, in the transaction. Lurin Capital acquired the property.
“Northwest Arkansas continues to garner compelling job growth and economic expansion, which contributed to a highly competitive bidding process for The Fitzroy Grove. The asset is poised for continued growth and new ownership took notice of the offering’s uniqueness,” said Bynum, Director at Cushman & Wakefield.
Built in 2021, The Fitzroy Grove is well-positioned within a thriving submarket providing residents access to major employers, quality retail, and top-tier community amenities. Each unit within the community also features an elegant design with stainless steel appliances, oversized closets, and designer tile backsplashes and cabinetry.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 110-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group has closed $2.5 billion in sales volume through 85 deals and 14,000 units.
