FBI's Arkansas Headquarters Attracts $19.5M Sale

by George Waldon  on Monday, Jun. 9, 2014 12:00 am  

The state headquarters of the FBI in west Little Rock was the subject of a $19.5 million transaction .  The 99,000-SF office building is at 24 W. Shackleford Blvd. | (Photo by Wil Chandler)

The Arkansas headquarters of the Federal Bureau of Investigation in west Little Rock tipped the scales at $19.5 million.

USGP II Little Rock FBI Ltd. of Washington, D.C., purchased the 99,000-SF office building at 24 W. Shackleford Blvd. from TRT Shackleford West Bou-levard LLC of Denver.

USGP II assumed the balance of an April 2007 mortgage of $13.6 million overseen by U.S. Bank of Cincinnati.

TRT bought the 6.95-acre development for $21 million in March 2007 from Harris/Hathaway JV LLC, led by Mark L. Harris.

Multifamily Development

A 260-unit apartment project in Little Rock’s Riverdale area is in the works after a $2.57 million land deal.

Riverdale Residences LLC, an affiliate of LIV Development of Birmingham, Alabama, acquired 7.62 acres at the northwest corner of Brookwood Drive and Cedar Hill Road. The seller is Winrock International Institute for Agricultural Development.

Construction is backed with a $26.6 million loan from Regions Bank of Birmingham.

The Rockefeller family has controlled the property for years after first leading the acquisition of the Riverdale Country Club in November 1968.

The deal involved trading 254 acres in west Little Rock to the Riverdale membership and creating the Pleasant Valley Country Club golf course, investing $1.15 million to build the new clubhouse, swimming pool and tennis court complex and assuming $170,000 of outstanding debt.

Gallery Transaction

A 9,460-SF office building in west Little Rock that was the subject of foreclosure proceedings has been sold for $750,000.



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