After developer change, Transplace building in Rogers finally ready to start construction

▤ Summary

When Texas-based Transplace announced in March a new $46 million Northwest Arkansas operations center along Interstate 49 in Rogers, a press release issued by the company included this sentence: “Construction on the new facility is set to begin immediately, and Transplace is expected to move in by early 2021.” It was a significant announcement, complete with a ceremonial groundbreaking that included the governor, the mayor and other state and local economic development officials. In Northwest Arkansas, Transplace is now based at 509 Enterprise Drive, just off Interstate 49 in Lowell, where it employs about 600 workers in approximately 80,000 square feet of office space. The move to Rogers — into what the company refers to internally as a Center of Excellence (COE) — is expected to increase the number of workers in Northwest Arkansas to between 1,100 and 1,200, with an estimated $60 million in payroll. Rosser said it’s his understanding that $46 million in industrial revenue bonds issued by the city of Rogers to the original building developer have also conveyed to Cawley Partners. EF Capital acquired the land for Arkansas native Meg Molleston, a lawyer by trade and executive with GeoSouthern Energy Corp., one of the largest independent oil and gas producing companies in the country.

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Transplace

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