Acquisition of High-Profile Property in Downtown Little Rock
Little Rock, AR (May 19, 2021) — Newmark Moses Tucker Partners (“NMTP”) is pleased to announce the sale of 200 River Market Ave, Little Rock, AR, commonly known as the Arkansas Capital Commerce Center (“ACCC”). The sale consists of over 50,000 square-feet of commercial space within ACCC as well as the multi-story parking deck, immediately adjacent to the building. The purchasing entities, Rodney Parham CK, LLC and Broadway CK, LLC, consists of several in state investors, who acquired the asset in conjunction with a 1031 exchange requirement. The selling entity, 3rd & Commerce, LLC, led by Jimmy Moses and Rett Tucker, were responsible for the original land assemblage and ground-up development in 2002. Since then, NMTP has provided professional management and leasing services, and will continue to do so on behalf of the purchasing entity.
“This property means so much to me, as it was developed by my father and Rett over 20 years ago, and was a catalyst for several other significant real estate developments within the River Market District.”, said Chris Moses, President & Chief Executive Officer of Newmark Moses Tucker Partners.
The brokerage team consists of Chris Moses, Greyson Skokos, Chris Monroe and George Friedmann of Newmark Moses Tucker Partners.
“As the primary south anchor to the River Market, the Arkansas Capital Commerce Center will continue to be a focal point within the CBD and River Market District for years to come.”, said Greyson Skokos, Associate Director of Newmark Moses Tucker Partners.
For further information, please contact:
Chris Moses, President & CEO
Newmark Moses Tucker Partners