Fresh Look, New Tenants Planned After $16M Sale of Riverdale Center


Fresh Look, New Tenants Planned After $16M Sale of Riverdale Center
A Google Earth view of the Riverdale Shopping Center in Little Rock (© Google)

Cushman & Wakefield/Sage Partners on Monday announced details of a Little Rock retail center transaction reported in a Whisper last week

The Riverdale Shopping Center at 2500-2610 Cantrell Rd. was sold May 20 for just over $16 million with plans to redevelop the 214,253-SF property into "one of the premier centers" in the city, the real estate firm said. New tenants are on the way, including the restaurant chain Eat My Catfish. Other tenants will be announced later.

Travis Hester, owner of Eat My Catfish, is a partner on the project.

The buyer of the 17.6-acre property is Xcited Riverdale LLC, a group of Arkansas partners formed by T.J. Lefler of Lefler Capital of Fayetteville. Lefler said the group has plans to upgrade the shopping center's façade, paint, parking lot and landscaping, among other improvements.

"This is a prime redevelopment opportunity," Lefler said in the release.

The seller is Kappa Realty LLC, led by Chris Robertson. Kappa was represented in the deal by Kelley Commercial Partners of Little Rock.

Kappa purchased the property for $8.3 million in 2019 from the Roman Catholic Diocese of Little Rock. That deal transformed Kappa from a tenant to an owner of the property. Kappa Realty, which had owned the improvements since 1993, had leased the land from the diocese.

The Riverdale Center was originally developed as the Razorback Square Shopping Center back in 1983. It's home to Ace Hardware, the Riverdale 10 cinema, Whole Hog Café and more.


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