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|Last Updated Date||27 Jul 2020|
Property Video: https://www.1allieddrive.com/
JLL is pleased to present the opportunity to acquire Riverfront Plaza (“the Property”) in Little Rock, AR. This four-building office campus is located just northwest of Downtown Little Rock, minutes from the premier Riverdale/Sherrill Heights neighborhood, and once headquartered operations for Alltel Wireless for over 25 years. Only recently repositioned as multitenant buildings, the Property is already 100% leased to a diversified rent roll with credit worthy tenancy and a 4.5 year WALT. Additionally, there is the ability to develop a fifth building up to 100,000 square feet along the river frontage.
The 1.2 million square feet of competitive buildings in the immediate area enjoy less than 5% weighted average vacancy demonstrating the demand and strength of this business-friendly location nestled amongst an affluent, densely populated neighborhood with excellent retail, healthcare and country clubs.
- Four-building office campus with ability to construct an additional building; Iconic former Alltel Wireless headquarters
- 100% occupied by a diversified, tenant roster with a weighted average lease term of 4.5 years
- Unobstructed views along the striking Arkansas River with superior location within a minutes’ drive to Downtown Little Rock to the east and the Riverdale/Sherrill Heights neighborhood to the west
- In-place rents 18% below market with over 85,000 square feet expiring over the next 36 months
- Excellent on-site amenities including an auditorium, conference center and fitness center including proximate to 17-mile Arkansas River Trail
- 8 minutes from Arkansas State Capitol and 10 minutes from Clinton National Airport with direct access to SH-10 and proximate to I-630; Immediate access to a variety of residential neighborhoods