Former WLR Alltel Office Gets New Owner

Did you know the Paramount Life Building in west Little Rock has a new owner after a $3.6 million deal?

Paramount Holdings LLC, led by Haitham Alley, acquired the 42,291-SF office building at 11025 Anderson Drive.

The three-story project represents one of the last developed Alltel Corp. properties remaining for sale in the Little Rock area.

Verizon Wireless bought the telecommunications firm in a 2009 deal that tipped the scales at $28.1 billion.

Verizon has marked most of the Alltel real estate holdings in Little Rock as surplus and listed the properties for sale.

Verizon continues to own the 300,000-SF Building 4 on the former Alltel campus at 1 Allied Drive in Little Rock’s Riverdale area.