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Jones Lang LaSalle (“JLL”) is pleased to present the rare opportunity to acquire Regions Center (“the Property”) located within the thriving downtown district of Little Rock, Arkansas. Built in 1975 and renovated in 2005, the 556,875 square foot, 30-floor Class A office tower is one of the most iconic office buildings in the state. The property’s location is further validated by abundant nearby retail, restaurants and walkable amenities for daytime employees, as well as its proximity to the Clinton National Airport.
With limited new supply underway in the CBD, robust economic fundamentals, and multiple corporate users headquartered in Little Rock, the acquisition of Regions Center is one of the most exciting value-add opportunities in the Southeast. As the former regional headquarters for Regions Bank, the property possesses corporate headquarter building attributes and affords a prospective buyer the opportunity to reposition the asset at well below replacement costs and competitively lease an already established landmark building.
The seller is the bankruptcy estate of NNN 400 Capitol Center 16 LLC, et als., Case No. 16-12728 (JTD) (Bankr. D. Del)
- 556,875 SF
- 57% Occupancy
- 82,000 SF Contiguous Space
- Built 1975, Renovated 2005
- 2.25/1,000 SF Parking Ratio
- 30 Stories