Landmark office tower — A premier repositioning or redevelopment opportunity
CBRE has been selected to market Bank of America Plaza, a landmark 24-story office tower situated at the heart of Little Rock’s Central Business District and the city’s Financial Quarter. Bank of America Plaza, the third-tallest building in the state of Arkansas, is located along West Capitol Street and offers outstanding views of downtown Little Rock and the Arkansas River.
Built in 1969 and most recently renovated in 2004, Bank of America Plaza includes 268,598-square-feet and a connected seven-story parking garage. Currently 44% leased to a strong base of loyal tenants, the building is convenient to popular walkable amenities including 20+ restaurants, hotels, the Convention Center, Presidential Library and the Arkansas River. It is across the street from a new AC Hotel (currently under construction) and has easy access to the lively Main Street Creative Corridor, River Market, Quapaw Quarter, and South on Main “SoMa” entertainment districts.
“Bank of America Plaza is well positioned to become the market’s premier office address. It includes a 22,000 square foot vacancy of desirable ground-floor retail/restaurant space along with an outstanding outdoor terrace on the fourth floor that could be converted into best-in-class amenity space,” says William Callahan, Senior Vice President and Principal Broker of CBRE’s Little Rock office. “In addition to its existing office space, the building has strong appeal for re-positioning into a mixed-use environment, combining residential, multi-family and hotel uses.
William Callahan along with John Alvarado, Evan Stone and Jennifer Joseph with CBRE’s Office Investment Properties team are representing the seller.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
