Big Slice of Park Avenue Draws $23.4M Transaction (Real Deals)

by George Waldon  on Monday, May. 26, 2014 12:00 am  

A 12.6-acre piece of the Park Avenue development in midtown Little Rock rang up a $23.4 million sale. The retail deal included 1) ground-floor space in the Park Avenue Lofts project , 2) parking deck, 3) two interior buildings, 4) Cheddar’s, 5) Jared jewelry store and 6) AT&T store.

About 70,200 SF of retail space and a two-story parking deck in midtown Little Rock weighed in at $23.36 million. Six pieces of the Park Avenue project on University Avenue were sold to Illinois trust group.

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