Riverfront Plaza (1 Allied Dr - Buildings 1,2,3,5)

1 Allied Dr Little Rock, AR United States 72202-2065
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


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Year Built 1982
Building Area
Last Updated Date 27 Jul 2020

Property Description

Property Video:

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.

Investment Highlights

  • 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
Jack Crews
Jack Crews
Senior Managing Director, Capital Markets
Brian Carlton
Brian Carlton
Senior Managing Director, Capital Markets

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