Largest commercial real estate sales and lease transactions honored
March 22-28, 2021
The Commercial Real Estate Council of Metro Little Rock (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.
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.
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)
• William Callahan, CBRE – 1475 William J Clark, Binswanger
• Drew Holbert & Casi Runnells, Colliers and John Hathaway & Wes Martin, Hathaway Group – Colonel Glenn Corporate Center
Largest Land Sale Nominees
• Rick O’Brien & 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
• Brian Winstead, iRealty Arkansas Commercial - I-30 & Otter Creek
Largest Multi-Unit Housing Sale Nominations
• Ted Bailey III & Richard Cheek, The Multifamily Group - Overbrook Apartments
• Ted Bailey III & Richard Cheek, The Multifamily Group - Indian Hills
Winner - Largest Multi-Unit Housing Sale
• Ted Bailey III & Richard Cheek, The Multifamily Group - Overbrook Apartments
Largest Office Sale Nominations
• Casi Runnells & 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
• Casi Runnells & Mark Bentley, Colliers - 1001 Technology
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
• Aaron Nicholson, Cushman & Wakefield | Sage Partners, Nathan Hutchins, ArkBest Realty - 1513 Military Road
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 and James Harkins, Pixel Properties – CARTI, Cone Building II
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
• William Callahan, CBRE & Henry C. Kelley Jr., Kelley Commercial Partners - DXC Technologies
Largest Retail Lease Nominations
• Randall K. Moore, Terry Moore & Associates – Unique Furniture, Sherwood Retail Center
Winner - Largest Retail Lease
• Randall Moore, Terry Moore & Associates -- Unique Furniture, Sherwood Retail Center
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.
PHOTO CAPTION:
The Pointe North Hills apartment community was recently recognized as the "Project of the Year" by the Commercial Real Estate Council of Metro Little Rock.
