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Downtown Little Rock’s Regions Center Building For Sale

1 min read

Did you know one of the tallest buildings in Arkansas is marked for sale?

The 30-story Regions Center in downtown Little Rock and its adjoining six-story parking deck are carrying a list price of $40 million. The last we heard, the 547,000-SF office project at 400 W. Capitol Ave. had a vacancy rate of about 8 percent.

The forecast vacancy rate in the coming months is 22.1 percent. Helping keep more of the building full for now is a recent 86,165-SF lease by USAble Mutual Insurance Co. But reshuffling of USAble space around town is associated with the pending climb in the vacancy rate.

The building’s proximity to the Clinton Presidential Library, State Capitol and the University of Arkansas at Little Rock campus was listed as an upside to its location.

UALR, 5.7 miles away?

Regions Center is owned by a group of entities controlled by Triple Net Properties LLC of Santa Ana, California.

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