The OpportunityJLL is pleased to present the opportunity to acquire Riverfront Plaza (“the Property”) in Little Rock, AR. This four-building office campus is located just northwest of Downtown Little Rock, minutes from the premier Riverdale/Sherrill Heights neighborhood, and once headquartered operations for Alltel Wireless for over 25 years. Only recently repositioned as multitenant buildings, the Property is already 99% leased to a diversified rent roll with credit worthy tenancy.
The 1.2 million square feet of competitive buildings in the immediate area enjoy less than 3% weighted average vacancy demonstrating the demand and strength of this business-friendly location nestled amongst an affluent, densely populated neighborhood with excellent retail, healthcare and country clubs. |
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Property specifics
INVESTMENT HIGHLIGHTS
FOUR-BUILDING OFFICE CAMPUS with ability to construct an additional building; Iconic former Alltel Wireless headquarters |
99% OCCUPIED by a diversified, tenant roster that was re-leased in less than 60 months with credit worthy tenancy. +10 tenants have already extended the original term and invested significant improvements demonstrating stickiness |
UNOBSTRUCTED VIEWS along the striking Arkansas River with superior location within a minutes’ drive to Downtown Little Rock to the east and the Riverdale/Sherrill Heights neighborhood to the west |
IN-PLACE RENTS 17% below market with more than 100,000 square feet expiring over the next 36 months |
EXCELLENT ON-SITE AMENITIES including an auditorium, conference center, and fitness center and proximate to 17-mile Arkansas River Trail |
8 minutes from Arkansas State Capitol and 10 minutes from Clinton National Airport with direct access to SH-10 and proximate to I-630 and I-30; Immediate access to a variety of residential neighborhoods |
Riverfront Plaza Location
Little Rock Economic Overview
