Commercial real estate sales, leases honored

Commercial Real Estate Council of Metro Little Rock, or CREC MLR, held the third annual Commercial Real Estate Awards on March 11 to recognize the largest real estate transactions made in the previous year that were submitted for the event. Sales transactions are based on reported dollar amounts and lease transactions are based on reported square footage.

Jay Chesshir, President and CEO of the Little Rock Regional Chamber of Commerce, and Jeff Yates, ARK Commercial & Investment Real Estate and Vice-President of CREC MLR, emceed the virtual program. The awards will be presented in person at an event on May 20, 2021.

SALES

Largest Industrial Sale Nominees

  • William Callahan, CBRE – 1475 William J Clark, Binswanger

  • William Callahan, CBRE & Abbie Stalnaker, The Property Group – 1601 Mayor Lane, Weaver-Bailey Contractors

  • Drew Holbert & Casi Runnells, Colliers and John Hathaway & Wes Martin, Hathaway Group – Colonel Glenn Corporate Center

  • Nathan Monan & Drew Holbert, Colliers – Little Rock Corporate Center

  • Nathan Monan, Colliers & Aaron Nicholson, Cushman & Wakefield | Sage Partners - 1009 Lincoln Avenue

  • Ryan Gibson, Cushman & Wakefield | Sage Partners - 4701 Asher Avenue

  • Lauren Frederick, Haybar Real Estate & Nick Kelley, Kelley Commercial Partners – 405 Shall Street, Whiskey Papa

  • Randall K Moore, Terry Moore & Associates – 19133 I-30

Winner - Winner - Largest Industrial Sale (Tie)         

1475 William J. Clark, Binswanger: William Callahan, CBRE

Colonel Glenn Corporate Center: Drew Holbert and Casi Runnells, Colliers; John Hathaway and Wes Martin, Hathaway Group

Largest Land Sale Nominees

  • Rick O’Brien and Aaron Nicholson, Cushman & Wakefield | Sage Partners - Chenal Valley Tract 1 Lot 4

  • Aaron Nicholson, Cushman & Wakefield | Sage Partners & Wes Martin, Hathaway Group -Bryant Crossing

  • Aaron Nicholson, Cushman & Wakefield | Sage Partners – Counts Massie Land

  • Jason Parker, Cushman & Wakefield | Sage Partners – 94 Acres Hwy 70

  • Jason Parker, Cushman & Wakefield | Sage Partners – 14 Acres Hwy 70

  • Lauren Frederick, Haybar Real Estate & Nick Kelley, Kelley Commercial Partners – 74 Acres Ferndale

  • Brian Winstead, iRealty Arkansas Commercial - I-30 & Otter Creek

Winner - Largest Land Sale

I-30 & Otter Creek: Brian Winstead, iRealty Arkansas Commercial

Largest Multi-Unit Housing Sale Nominations

  • Ted Bailey III and Richard Cheek, The Multifamily Group - Overbrook Apartments

  • Ted Bailey III and Richard Cheek, The Multifamily Group - Indian Hills

Winner - Largest Multi-Unit Housing Sale

Overbrook Apartments: Ted Bailey III and Richard Cheek, The Multifamily Group

Largest Office Sale Nominations

  • Casi Runnells and Mark Bentley, Colliers - 1001 Technology

  • Ed Willis, Financial Center Corp & Jeff Hathaway, Hathaway Group - 5800 Ranch Drive, Arkansas Federal Credit Union

Winner - Largest Office Sale

1001 Technology: Casi Runnells and Mark Bentley, Colliers

Largest Retail Sale Nominations

  • Nathan Hutchins, ArkBest Realty LLC & Aaron Nicholson, Cushman & Wakefield | Sage Partners - 1513 Military Road

  • Aaron Nicholson, Cushman & Wakefield | Sage Partners & Stuart Dalrymple, Dalrymple Commercial – 2003 W Main Street

  • Aaron Nicholson, Cushman & Wakefield | Sage Partners & Stuart Dalrymple, Dalrymple Commercial – 8503 Dollarway Road

Winner - Largest Retail Sale

1513 Military Road: Aaron Nicholson, Cushman & Wakefield | Sage Partners; Nathan Hutchins, ArkBest Realty

LEASES

Largest Industrial Lease Nominations

  • William Callahan, CBRE – Kimberly Clark Mid South Distribution Center

  • Ryan Gibson, Cushman & Wakefield | Sage Partners – Apptegy, 2201 Brookwood Drive

  • Jason Parker, Cushman & Wakefield | Sage Partners – Amazon, 12401 I-30

Winner - Largest Industrial Lease

Kimberly Clark Mid South Distribution Center: 1475 William J. Clark; William Callahan, CBRE

Largest Medical Lease Nominations

  • Justin Bentley & Drew Holbert, Colliers and James Harkins, Pixel Properties – CARTI, Cone Building II

Winner - Largest Medical Lease: Justin Bentley & Drew Holbert, Colliers (Landlord); James Harkins, Pixel Properties (Tenant)

Largest Office Lease Nominations

  • William Callahan, CBRE & Henry C. Kelley Jr., Kelley Commercial Partners - DXC Technologies

  • Todd Rice, Colliers - Southern Bancorp, Sedwick Center

  • Jennifer Lester, Union Plaza Commercial Real Estate – AR Dept. of Workforce Services, Union Plaza Building

  • Jennifer Lester, Union Plaza Commercial Real Estate – AR Adult Learning Resource Center, Union Plaza Building

Winner - Largest Office Lease

DXC Technologies, 355 Ledgelawn: William Callahan, CBRE (Tenant); Henry C. Kelley Jr., Kelley Commercial Partners (Landlord)

Largest Retail Lease Nominations

  • Randall K. Moore, Terry Moore & Associates – Unique Furniture, Sherwood Retail Center

Winner - Largest Retail Lease

 Unique Furniture, Sherwood Retail Center: Randall Moore, Terry Moore & Associates

Commercial Real Estate Project of the Year Nominations

The Project of the Year is one that sets itself apart from other transactions, and CREC acknowledges the entire team that worked to bring it together. Brokers, engineers, architects, contractors, attorneys, banks, and title companies all contribute to successful commercial real estate in metro Little Rock. 2019’s Project of the Year, Riverdale Shopping Center, included public and private sectors and a large team of commercial real estate professionals working on an extensive redevelopment project. This year’s nominees include:

  • Indian Hills/Overbrook/South Oaks: Ted Bailey III and Richard Cheek, The Multifamily Group: The complex sale of three different properties was a result of brokerage firms in Arkansas, Texas, Tennessee, and Arizona collaborating to finalize a deal involving several multi-unit projects in Little Rock/North Little Rock. Overbrook, Indian Hills, and South Oaks apartment complexes were sold for a total of $66,232,000.

  • Pointe North Hills: Keith Richardson, Richardson Properties: This project was the improvement of 20 acres of land in North Little Rock to create a luxury 300-unit apartment complex, showcasing the most modern amenities, many of which are not available in any other development in the metro Little Rock area.

Winner - Project of the Year 2020

Pointe North Hills: Keith Richardson, Richardson Properties

Richardson Properties had assistance from many commercial real estate professionals, including: Centennial Bank, Pulaski County Title, and Quattlebaum, Grooms & Tull PLLC.

CREC MLR supports and promotes all aspects of commercial real estate. Groups, individuals, and companies representing development, property management, finance, construction, and other industries work together to facilitate engagement, education, and networking in commercial real estate in the metro Little Rock area.

Program sponsors included Presenting Sponsor Quattlebaum, Grooms & Tull PLLC, Pulaski County Title, C.B.M. Construction, Haybar Real Estate, La Terraza, and Union Plaza Commercial Real Estate.

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