Office building in Riverdale sells for $1 million

February 18-24, 2019

A Little Rock general contractor will soon relocate, following the recent acquisition of a multi-tenant office building in the Riverdale area of Little Rock. The 9,000-square-foot building is located at 2200 Brookwood Dr., and the sale took place earlier this month. The property was officially purchased by Karen Cline for a price of $1.0 million. Cline is married to Ernie Cline, owner of Cline Construction Group, which will move into the property’s one vacant space. Three other businesses will continue operating as tenants at the location.  

The seller was the Margaret L. Kemp Revocable Trust through its trustee, Ellen Rogers, and was represented by Jamie McLarty of Hathaway Group. Mark Bentley and Justin Bentley of Colliers International represented the buyer. 

“We’re delighted to have another quality neighbor,” said McLarty, whose firm is in another building next door on Riverdale. “This will be a great investment and business location for the Clines. Mark and Justin were great to work with.”  

About Hathaway Group

Formed in 1976 with two desks and a card table in downtown Little Rock, Hathaway Group was built upon integrity and innovation, offering superior service to commercial real estate clients throughout Arkansas. The company serves property owners, businesses and investment groups, offering a comprehensive range of services for clients buying, selling, leasing or developing commercial land or buildings. Core service areas include seller/landlord representation, buyer/tenant representation, property management and counseling/advisory. For more information, visit www.hathawaygroup.com or call 501-663-5400.

Source: Hathaway Group  

PHOTO CAPTION:

The building at 2200 Brookwood Drive recently sold for $1 million.  (Photo provided)