Posted 8/12/2013 12:00 am
Updated 4 months ago
Moses Tucker Real Estate of Little Rock more than doubled its total commercial space under management to 3.5 million SF during the past 12 months.
Among the largest commercial property management firms on this year’s list, none registered as large a one-year percentage increase: 137 percent. That growth moved Moses Tucker to No. 3 on the list of the largest commercial property management firms, up from No. 7 last year.
Highlighting the growth in the office sector was the addition of the 555,000-SF Regions Center at 400 W. Capitol Ave. Other properties in downtown Little Rock added to the Moses Tucker fold are the Mann on Main at 322 Main St. and One Spring Building.
Chris Moses, president and chief operating officer of Moses Tucker, said the company has ramped up its staffing and pursuit of business. For the last seven months, we’ve put a huge focus on our personnel here,” he said. “We’re really focused on third-party management going forward.”
Moses, who has taken on a larger role with the firm this year, said the company continues its efforts to expand beyond its downtown roots.
“We’re working on some new accounts out in west Little Rock,” he said. “We’re busy. We’ve always tried to go out to west Little Rock. That is one of my missions to build our operating company.”
Moses Tucker is in the midst of splitting its management business and development business, both legally and structurally. Chris Moses is overseeing the 49 members of the property management staff.
His father, Jimmy Moses, brother Jamie Moses and Rett Tucker will lead a few support staffers in directing the development business.
Colliers International continued its reign at the No. 1 spot, growing its management listings by more than 14 percent to 13.4 million SF.
In July, Sperry Van Ness/Chandler Tucker Powell Group of North Little Rock joined forces with Newmark Grubb Arkansas. The combination of the two firms moved Newmark Grubb to No. 12 on the list.
Fourteen of the 20 firms on this year’s list recorded no change or an increase in space under management.
Management Realty of Fayetteville dropped from the list. The firm managed 700,000 SF of commercial space last year, but dropped to 10,000 SF after a staff shakeup.
Some or most of that space reportedly landed with another Fayetteville firm, Lindsey Management.
How much couldn’t be confirmed by press time.
Little Rock’s Blissard Management also fell off the list after the Pinecrest Shopping Center in Brinkley was sold and ended up under new management.