Lots of Lonoke County farmland, a warehouse and office building in Little Rock and fast-food outlets in Jacksonville and North Little Rock provide this week’s grouping of multimillion-dollar transactions.
Colliers International Arkansas, a commercial real estate and property management firm, announced Tuesday the promotion of Isaac Smith to president and that CEO Kevin Huchingson will now serve as its chairman.
A retail project in Little Rock, a grocery store in Maumelle, a fast-food outlet in west Little Rock, two Little Rock homes and a pair of residential properties involved in an intrafamily swap compose our magnificent seven real estate transactions this week.
Kevin Huchingson, Mark Bentley, Isaac Smith and Steve Lane, all principals with Colliers International Arkansas, have been recognized as members of the company’s Everest Club for being among the top 10 percent of Colliers’ brokers across North America last year.
A private investor group has purchased about 54 acres surrounding the Outlets of Little Rock and Bass Pro Shops in southwest Little Rock, aiming to continue its development as a key entertainment district.
The vacancy rate for retail space in central Arkansas continued to inch up during first-quarter 2015, according to the Central Arkansas Commercial Data Exchange. It rose to 6.3 percent compared with 5.8 percent in fourth-quarter 2014 and 5.2 percent in the year-earlier quarter, first-quarter 2014.