A west Little Rock office building that was owned by law firm Rainwater Holt & Sexton Properties LLC has been sold for $1.16 million to Freeway Park Properties LLC, Colliers Arkansas announced on Monday.
The 9,046-SF Class A building on 0.63 acres at 6315 Ranch Drive was built in 2000 and has 21 private offices and five conference rooms. It is located at The Ranch, a multi-use development near the new Bank OZK headquarters.
Todd Rice and Casi Runnells of Colliers Arkansas represented the seller in the transaction, which closed on Aug 6. Jason Parker with Cushman & Wakefield Sage Partners represented the buyer.
"This property’s great location in west Little Rock near both residential neighborhoods and businesses, coupled with its size, attracted it to the new ownership group," Rice said in a news release. "Our team at Colliers was pleased to have had the opportunity to work with Rainwater Holt & Sexton on its sale."