Premier Medical Plaza to call Little Rock home at $35 million
October 8-14, 2018
In late September plans were announced that the development of the Premier Medical Plaza will take over the longtime vacant Kmart store located at 10901 Rodney Parham Road. The project is being developed by Premier Gastroenterology Associates and Newmark Moses Tucker Partners (NMTP) of Little Rock.
“The facility’s name will recognize its owner and principal occupant, Premier Gastroenterology Associates of Arkansas, who will occupy approximately 45,000 square feet of space in the building,” said Bill Greene, Premier’s CEO. “This is an ideal location for our physicians and the thousands of patients we see each month from the Greater Little Rock area and around the state.”
Dr. Terence Angtuaco, Premier’s Board President explained that “Premier is a physician-owned practice, opened by a group of doctors who have worked together for several years. Our vision is to create a new culture in healthcare that focuses on the highest quality medical care possible and an exceptionally high level of patient satisfaction.” In addition to Dr. Angtuaco, Premier Gastroenterology’s partners include Drs. Angelo Coppola, Dhaval Patel, Paul Svoboda, Steve Jones, Brian Hughes and David McElreath.
Chris Moses, President & Chief Executive Officer of NMTP explained, “The renovation will include a complete new look for the property both inside and out. The Kmart store will not be recognizable once the exterior improvements to the building are complete. In addition, the center will have a new parking lot with extensive landscaping, a new entry off both Rodney Parham and Shackleford Roads and signage. It will transform not only this largely vacant center but also the neighborhood around it.” Upon completion in the summer of 2019, the Plaza will provide new medical, clinical and surgery facilities for several medical groups in 100,000 square feet of space.
Plans call for demolition and environmental work to commence in the next 30 days, with full construction underway by early 2019. The architect for the project is WER of Little Rock, the general contractor is Clark Contractors and construction financing is being provided through First State Bank of Jacksonville. Tenants will begin occupying space in the Plaza by summer of 2019.
For additional information please contact Chris Moses at cmoses@newmarkmtp.com or by phone at 501-376-6555.
About Newmark Moses Tucker Partners
Newmark Moses Tucker Partners is a full-service commercial real estate operation, offering services including, but not limited to, tenant representation, landlord representation, real estate and economic consulting services, investment sales and capital markets, property and facilities management.
For more information visit www.newmarkmtp.com.