FAYETTEVILLE, Ark — A seven-figure sale of a Class A office building on North College Avenue in Fayetteville closed recently, and the new tenant is, apparently, an Oklahoma cannabis operator.
Fayetteville entrepreneur Mark Zweig sold the single-story building at 1200 N. College Ave., according to county property records. Zweig owned the building through eponymous development and construction firm Mark Zweig Inc. The company leases the 6,859-square-foot building to Zweig Group, a media, publishing and consulting company for the architecture and engineering industries. Zweig sold his interests in that business — which started as Mark Zweig & Associates in Boston in 1988 — in late 2018.
Zweig paid $350,000 for the dilapidated building in 2013, then spent a couple of years renovating the property into a modern office building. Oklahoma businessman Bill Thurman, through a limited liability company, is the property’s new owner. He paid $1.59 million for the building ($232.54 per square foot), according to county records. Little Rock-based Central Bank, which has a branch in Bentonville, provided financing.
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