Eminent Domain Forces a Rash Move in WLR

by Arkansas Business Staff  on Monday, Jul. 29, 2013 12:00 am  

A street improvement project in Little Rock means Ken Rash’s Casual Furniture will be moving from 7214 Cantrell Road to 11220 N. Rodney Parham Road, owner Lawrie Rash tells us.

Rash Properties LLC bought the 32,000-SF building, formerly known as Pleasant Valley Plaza, for $2.22 million last week. The seller: Pleasant Valley 182 LLC of Palm Beach, Fla.

Rash said she’ll be doing exterior renovations and converting the eight storefronts into five: a single 16,000-SF space for Ken Rash’s, three that will be available for lease, and the remaining space that will continue to be occupied by Delicious Temptations.

Ken Rash’s, which has eight to 10 employees depending on the season, should be able to relocate by the end of the year without any interruption in business, Rash said.

“We’re going to work hard to have a smooth transition,” she said. But she didn’t sound any too happy about the move. Ken Rash’s has been in business for 21 years, she said — “Long enough to pay off my mortgage. Not that that did me any good.”

The Arkansas Highway & Transportation Department’s price for the 17,300-SF building and 0.3 acre on Cantrell Road was $931,200.

 

 

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