NWA Office Holdings LLC, an affiliate of Orion Capital Partners of Little Rock, announced the $68 million acquisition of a 22-building office portfolio totaling more than 405,000 rentable SF across Benton County.

The portfolio includes the 14-building Pinnacle Park complex in Rogers and Bentonville Commerce, an eight-building complex in Bentonville located near the Walmart’s new corporate campus.

Natural Capital of Little Rock exited its investment in Pinnacle Park, a portfolio of 12 commercial buildings that it had jointly owned with Orion since May 2023.

“The Pinnacle Park disposition represents one of several realizations underway within Natural Capital Fund II, which is focused on monetizing mature investments and returning capital to limited partners,” a press release from Natural Capital stated.

Orion Capital Partners has consolidated ownership of the portfolio through the newly formed NWA Office Holdings LLC affiliate. The transaction was financed with senior debt provided by Simmons Bank.

A press release from Orion said that the region’s concentration of Fortune 500 employers, combined with sustained population growth and the supplier and vendor ecosystem, supports consistent demand for well-located office space.

“The portfolio is supported by the same long-term fundamentals that have driven growth in the region for years, including location, tenant demand, and durable performance tied to the broader employer ecosystem,” Ben Lester, a partner at Orion Capital Partners, said in the release. “We have been bullish on this market for a long time, and this transaction reinforces our confidence in its future.”

The properties serve tenants including health care providers, professional services firms and companies connected to the Walmart supply chain ecosystem.

In addition to Simmons Bank, Orion worked closely with Cushman & Wakefield Sage Partners, which will continue to provide property management and leasing services for the portfolio.