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Selling Downtown Office Tower an Option for Acxiom

2 min read

Acxiom Corp., the publicly traded data-mining company, has officially confirmed to Arkansas Business that it is considering selling its headquarters building in downtown Little Rock.

Spokeswoman Sherry Hamilton said in an email that the company’s workspace needs have changed since the $30 million building at 601 E. Third St. was built in 2003, so managers are “considering all options (with the sale of the building being only one of the options) as we pursue an arrangement that offers us the right amount of space, and best configuration of that space, for our workforce needs.”

Now Whispers will tell you what our unofficial but highly reliable sources say:

Acxiom has been shopping the building around — confidentially, of course — with the idea of continuing to occupy at least one of the 12 floors in the distinctively curved building.

The idea that Acxiom needs only a fraction of the 171,000-SF space doesn’t come as a surprise. The Whispers crew also works in the River Market District and has long observed that the building is hardly a hive of activity.

Hamilton explained in her email that as “associates have become more mobile, for example, we need fewer ‘dedicated’ workspaces and more ‘as-needed’ workspaces, conference rooms, and collaboration zones.”

So who might need most of a corporate HQ-type building in downtown Little Rock?

There’s a rumor about an out-of-state religious organization, but even our well-connected sources couldn’t say whether that’s true.

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