In The News

Call for offers

I-49 and Goad Springs Road parcel is now priced to sell! Owner calling for offers and wants to make something happen. Call Hank Kelley at 501.375.3200 or Phillip Schmidt at 479.443.8002 for more information.

Opportunity zones offer investment opportunity

Opportunity zone map

AEDC Map of Nominated Opportunity Zones

 

In April of 2018, Gov. Asa Hutchinson nominated 85 Opportunity Zones in Arkansas (the maximum eligible tracts) to the US Department of the Treasury. All 85 tracts were designated Qualified Opportunity Zones (QOZs) in December 2018. This designation provides tax incentives for private investment in low-income communities nationwide. An article published by The Counselors of Real Estate (CRE), The Counselor magazine, describes some of those incentives in more detail.

The Arkansas Democrat-Gazette reported new rules from the administration were released Wednesday stating investors will have several ways to qualify for tax breaks.

“We’re delighted to have the opportunity zone designations in Arkansas and are confident they will make a difference in reinvestment in these areas of the state,” said Hank Kelley, CEO.

If you are interested to know whether your property is part of an opportunity zone or would like to learn more about investing in an opportunity zone in Arkansas, contact Hank Kelley today.

F45 Training Opens in Westchase Plaza

Flake & Kelley Commercial is pleased to welcome a new tenant to Westchase Plaza at 301 N. Shackleford in West Little Rock. F45 Training is now open and held their grand opening celebration on Saturday, Feb. 23 from 8 to 11 a.m. For a limited time, they are offering a free trial at https://f45training.com/westlittlerock/trial/.

F45 Training provides High Intensity Interval Training (H.I.I.T.) pairing interval cardio and strength training as a group workout. Trainers lead up to 27 clients through 45-minute sessions with two trainers present for every class

Kristie Hightower Obert, who owns the franchise in Little Rock with her husband, Richard Obert, said, “The program is designed to encourage members to schedule 7-day workouts that only take 45 minutes each day.”

“With so many preset programs available through F45 Training, workouts will always be changing to keep members motivated to reach their fitness goals,” said Richard Obert.

Hank Kelley said, “On behalf of the owners of Westchase Plaza, we are glad to continue to add to our list of restaurants, merchants, and health and wellness providers. The high visibility and accessibility of the intersection at Markham and Shackleford will serve F45 Training well.”

Agent and partner, Nicholas Kelley, negotiated the lease for the 3,813 RSF space.