Category: Uncategorized

Ozark National Life Building Sells for $3.25M

by Arkansas Business Staff  on Tuesday, Feb. 21, 2017 12:29 pm

The Ozark National Life Building in west Little Rock.

Max Mehlburger’s Normandy Place LLC of Little Rock has purchased the Ozark National Life Building at 10201 W. Markham St. in Little Rock for $3.25 million.

Flake & Kelley Commercial of Little Rock, which represented the buyer, announced the sale on Tuesday. The seller, represented by Collier’s International of Arkansas, was Security Plan Life Insurance Co.

The three-story, 35,552-SF building will be renamed as the “Markham Executive Center.” Flake & Kelley will manage and lease the property.

“We are excited to add this property to our portfolio,” Thomas Schmidt of Flake & Kelley said in a news release. “The new owner has big plans for the building, including turning a large part of the building into professional/executive suites.”

Flake & Kelley, a commercial real estate and property management company, manages about 5 million SF of commercial space.

OPULENT QUEEN ANNE ESTATE LISTED FOR SALE FOR $6.9 MILLION

Asking Price:

jmm_5548$6.9 Million

View Property Flyer:

BROCHURE

Presented By:

Hank Kelley SIOR
hkelley@flakeandkelley.com
(501) 244-7503

Jim Dailey
jdailey@flakeandkelley.com
(501) 244-7520

Joey Dean
jdean@flakeandkelley.com
(501) 244-7527

The asymmetrical windows and stained glass patterns, stunning geometric layout, and a secret sunken garden define the Mansion’s footprint. The 12,000 square foot Queen Anne Mansion features original hand-tooled woodwork and finishes, seven master suites, and a resort-like pool and spa. The living area of the Mansion includes a Media Room, several Parlors, a Grand Dining Room, two State-of-the-Art Kitchens (one commercial Kitchen), and three Laundry Rooms.

The 2,500 square foot, fully restored 1888 Victorian Cottage, “Kelley House,” provides additional living quarters, a Business Office, a private Satori Concept Spa, a Finnish Sauna, a Manicure/Pedicure Salon and Steam Showers.

Sanctuary and privacy is assured by hand-forged solid steel entry gates with secured entry, a wrought iron fence, and stone walls.

This property is zoned commercial and will accommodate almost any use. Ideal for corporate retreats, business meetings, or quiet weekend getaways.

CULTURE – The Queen Anne Estate lies at the crossroads of Arkansas business, art, culture, history, and politics. Eureka Springs’ Historic District is one of America’s most desirable and livable small cities. This region is the headquarters for Walmart, Tyson Foods, JB Hunt, and many others. Dillards headquarters is a mere three hours away. Bentonville, Fayetteville, Springdale, and Rogers are about an hour’s drive down scenic Ozark forest lined roads. The Crystal Bridges Museum of American Art, Walton Center for the Arts, University of Arkansas, Thorncrown Chapel, and the Arkansas Music Pavilion (Walmart AMP) can all be found close by.

“Imagine traveling to the decadent 1800’s with all of the modern amenities of the 21st century. An opportunity to own such an estate does not come often, as evidenced by the fact that The Queen Anne Mansion has had only six owners in its 125-year history.” Jim Dailey, Partner at Flake & Kelley Commercial, and one of the listing agents representing the owners of this estate.

For more information, please contact:exterior3-for-website

Hank Kelley SIOR
(501) 244-7503
Jim Dailey
(501) 244-7520
Joey Dean
(501) 244-7527

Centerton Property Purchased With Apartments Planned

 

by Arkansas Business Staff on Monday, Oct. 3, 2016 12:00 amJordan Jeter

A 250-unit apartment complex is planned in Centerton after a $2.2 million land purchase.

Can-Ark Diamond Centerton, led by Rich Richardson, bought 20 acres southwest of the intersection of East Centerton Boulevard and Greenhouse Road. Centerton Commerce Park LLC, led by James von Gremp, was the seller.

Jordan Jeter, apartner at Flake & Kelley Commercial Northwest, represented both parties in the acquisition, which just recently closed. Richardson, a builder and developer, is getting approval through the city for the large-scale development.

“It’s a phenomenal location,” Jeter said. “You couldn’t pick a better spot. It’s pretty prime property. We need more multi-family.”

Jeter said the area is a hot one because a Starbucks recently opened at the southeast corner of the intersection and two lots just north of the apartment complex site are under contract. The two lots, Jeter said, are scheduled to become a Taco Bell and a First Security Bank.

Jeter said he has four more lots adjacent to the apartment complex site and one has already received an offer from a restaurant.

Tacos 4 Life Coming to Shackleford Crossings

Flake & Kelley Commercial is pleased to announce Tacos 4 Life will be joining Shackleford Crossings Shopping Center in Little Rock.

Tacos 4 Life, currently located in Conway and Fayetteville, purchased the last outparcel at Shackleford Crossings. The 3,800 square foot restaurant will include a drive-thru and outdoor patio on their one acre lot.

Tacos 4 Life was represented by Josh Brown and Nathan Eller of Haag-Brown while Hank Kelley, Eric Varner, Brooke Miller, and Cynthia Lu of Flake & Kelley Commercial represented the Seller.

For every meal sold in their restaurant, Tacos 4 Life donates funds for a meal through Feed My Starving Children. These meals are currently being sent to starving children across Swaziland, Africa, and Honduras.

Five of the restaurants currently located at Shackleford Crossings have been ranked among the top 25 restaurants in sales for Little Rock. Flake & Kelley Commercial believes Tacos 4 Life will be a wonderful addition.

Nation’s largest Pet Retail Franchise Fetches First Site in Arkansas

Flake & Kelley Commercial is pleased to announce Arkansas’ first Pet Supplies Plus store coming soon.

The new store will be joining other national tenants like Ross and Burlington at the Pleasant Crossing Commons in Rogers. Located at Pleasant Crossing Road and I-49, the retail center is positioned in one of the fastest growing trade areas in Arkansas.

Pet Supplies Plus will occupy 7,500 SF of end cap space near a high performing Walmart Supercenter.

The area’s demographics and high traffic volume were both important factors to the site selection process.

Flake & Kelley Commercial Agents, Hank Kelley and Cynthia Lu, along with Bialow Real Estate out of Boston represented the pet food & supplies chain in this transaction.

Pet Supplies Plus is the nation’s largest pet retail franchise and the third largest pet food and supplies chain. They brand themselves as America’s Neighborhood Pet Store and were founded in 1988. The Michigan based company is rapidly expanding and currently boasts over 300 locations in 25 states.