Category: Business News

Unlocking Productivity and Flexibility: Exploring the Benefits of Executive Suites

Posted on 09/26/23

Capitol Center Executive Suites Reception

By Kaley Tucker, RPA
Property Manager | Partner

In the ever-evolving landscape of modern business, traditional office spaces are no longer the sole option for professionals seeking a conducive work environment. The rise of executive suites, also known as co-working office spaces, has transformed the way people work, collaborate, and succeed in their careers. In this article, we will delve into the key features of executive suites and explore the diverse range of individuals and businesses that can benefit from them.

What Are Executive Suites?

Executive suites, often referred to as co-working office spaces, are flexible workspace solutions that provide a wide range of office amenities and services within a shared environment. These spaces are designed to cater to the needs of professionals, freelancers, startups, and established businesses alike. They offer an alternative to the traditional office setup, allowing individuals and organizations to work in a collaborative and cost-effective environment.

The key features of executive suites include:

Flexible Office Space: Executive suites offer various workspace options, including private offices, meeting rooms, and communal areas. This flexibility allows individuals and businesses to choose the environment that best suits their needs.

Amenities and Services: Executive suites can come equipped with essential office amenities, such as high-speed Wi-Fi, printing and scanning facilities, phone services, community breakrooms, and conference facilities. Furnished spaces are also sometimes available upon request. Furthermore, executive suites frequently provide concierge services, manage mail handling, and offer access to comprehensive administrative support.

Networking Opportunities: Executive suites foster a sense of community by bringing together professionals from diverse backgrounds and industries. This environment encourages networking, collaboration, and the exchange of ideas and services.

Flexible Lease Terms: Another appealing feature of executive suites is their flexible lease terms. Unlike traditional office spaces that often require long-term lease commitments, executive suites typically offer month-to-month lease options. This flexibility allows occupants to expand or contract their space requirements with ease, making it an attractive choice for businesses that value adaptability in their workspace arrangements. Whether you’re scaling up your team or downsizing temporarily, the ability to adjust your office space on short notice can significantly enhance your operational agility.

Who Can Benefit from Executive Suites?

Entrepreneurs and Startups: For entrepreneurs and startups looking to establish themselves in the business world, executive suites provide an ideal solution. These spaces offer affordable office setups and access to resources that might otherwise be out of reach. The networking opportunities also help startups connect with potential partners, clients, and investors.

Remote Workers: As remote work becomes increasingly prevalent, remote workers often seek a dedicated workspace away from home. Executive suites offer a professional environment where remote workers can focus on their tasks without the distractions of home life.

Small and Medium-Sized Enterprises (SMEs): SMEs looking to scale their operations can benefit from executive suites as they provide flexible expansion options. Businesses can easily add or reduce the number of workspaces they require, adapting to their growth trajectory.

Freelancers and Solopreneurs: Freelancers and solopreneurs often find executive suites attractive because they offer a professional setting to meet clients, collaborate with others, and maintain a work-life balance. It also gives them access to a more formal work environment than working from home.

Large Corporations: Even established corporations can benefit from executive suites. They can use these spaces for project-based teams, satellite offices, or as temporary solutions during office renovations or relocations. This flexibility allows them to optimize their real estate portfolio.

Consultants and Professionals: Consultants, coaches, lawyers, accountants, and other professionals can utilize executive suites to meet with clients and have access to well-equipped meeting rooms. This creates a professional image and enhances client interactions.

Creatives and Artists: Creative professionals such as writers, designers, and artists can find inspiration in the dynamic atmosphere of executive suites. These spaces often host events and workshops that can foster creativity and collaboration.

Temporary and Mobile Workers: Professionals who require temporary office space while traveling or working on short-term projects can benefit from executive suites. They offer a convenient and comfortable workspace in various locations.

Nonprofit Organizations: Nonprofits often have limited budgets, and executive suites can provide a cost-effective solution for their office needs. These spaces allow nonprofits to focus their resources on their mission while benefiting from professional facilities.

Work-Life Balance Seekers: Individuals who value work-life balance may prefer executive suites over long commutes to traditional offices. These spaces are often located in convenient areas, reducing commute times and improving overall well-being.

Executive suites, or co-working office spaces, have emerged as a versatile and innovative solution for professionals and businesses seeking a conducive and flexible workspace. With their wide range of amenities, cost-effective options, and networking opportunities, executive suites cater to a diverse audience. From entrepreneurs and remote workers to SMEs and large corporations, these spaces offer a modern and adaptive approach to the evolving world of work. By embracing the benefits of executive suites, individuals and organizations can unlock new levels of productivity, collaboration, and success in their professional endeavors.

If you think executive suites might be the right fit for you or your business, Kelley Commercial Partners is your go-to resource for finding the ideal solution. With a robust portfolio encompassing nearly 110,000 square feet of executive suite space under our expert management, we are confident that we can help you find the space to fit your specific needs. Call us today at 501.374.3200 or visit our website and view our office listings to learn more.

Vivaldi Music Academy Plans First Location in Arkansas

Posted on 03/30/23

The Renowned Vivaldi Music Academy is opening in Little Rock – celebrating 10 years and seven locations.

Kelley Commercial Partners is proud to announce the imminent arrival of the largest music school in the United States, Vivaldi Music Academy, to the Bowman Curve Shopping Center in Little Rock, Ark. Vivaldi Music Academy, a renowned music school that offers personalized music education for children and adults, will open its newest school later this fall.

This is a big win not only for music enthusiasts but also significant for the Bowman Curve Shopping Center and the surrounding businesses. The retail center is already a hub of activity in the area, with a range of shops, restaurants, and services. The addition of Vivaldi Music Academy to the mix adds a new dimension to the center, attracting new, affluent customers and creating more foot traffic. As students attend their music lessons, their parents and guardians may spend time in the shopping center, shopping, dining, or running errands.

Vivaldi Music Academy Coming to Bowman Curve Shopping Center This Fall

Founded in 2013, Vivaldi Music Academy has quickly become recognized as the fast growing music schools in the country, with five locations in Houston, Tex., and San Antonio, Tex.,. The academy offers private and group music lessons in a range of instruments, including piano, guitar, violin, cello, drums, and voice, among others. The school prides itself on its personalized approach to music education, tailoring lessons to the individual needs and goals of each student.

Kelley Commercial Partners is thrilled to have been a part of the team that brought this new tenant to Bowman Curve Shopping Center. We are committed to supporting and fostering growth in Central Arkansas, and the arrival of Vivaldi Music Academy is an excellent step towards that goal. We look forward to seeing the positive impact the academy will make in the community and are excited to see what the future holds for Bowman Curve.

Simmons Tower Lobby Perks Up

Posted on 11/29/22

Things are perking up in the lobby of Simmons Tower. Italian Coffee Corner opened in early November, and it is quickly becoming a regular stop for a morning boost, lunch, or an afternoon pick-me-up.

Owners, Bruno Muskaj and wife, Yuliia Kornytska had just opened Coffee Corner in Maumelle when they learned about lobby space available in Simmons Tower. Brooke Miller and Brandon Sheard of Kelley Commercial Partners met with the couple and showed them the space in the southeast corner of the lobby. The couple decided to go for it and open a second location. They placed their order for another Italian-made Lavazza espresso machine and waited three months for its arrival. The Lavazza finally arrived, and she is a beauty! With Bruno in charge and using Lavazza’s 100 percent Arabica beans, the results are smooth, rich, and oh, so gratifying.

Yuliia and Bruno met while working on a cruise ship and dreamed of opening a coffee shop of their own. They were about to open one in Saranda, Albania when Covid hit and a friend asked them for help in his restaurant in Arkansas. Arkansas? Bruno grew up in Albania and never thought he could live away from the sea, but when he saw Arkansas, he loved it. “It’s beautiful here. Lots of trees. Plenty of water,” Bruno said.

Bruno Muskaj, co-owner of Italian Coffee Corner

Bruno’s love for coffee began at a very early age when his Italian grandmother showed him how to make espresso. His favorite drink is the ristretto, which is a concentrated, short espresso shot. Yuliia’s Ukrainian roots influence the pastries they serve — buttery, flakey, and delicious.

Now with two shops, Yuliia manages the very busy Maumelle location while Bruno manages the downtown shop. Bruno prefers being in the center of the city with lots of activity. Their menus differ slightly but both offer plenty of options ranging from the crowd-favorite chocolate danishes to savory sandwiches served on their freshly baked, buttery croissants.

So, next time you’re downtown and need a little something to get you going, visit the Italian Coffee Corner in Simmons Tower. They’re open Monday through Friday from 7 a.m. to 3 p.m.* Coffee Corner in Maumelle is open Monday through Saturday from 6 a.m. to 2 p.m. and Sundays from 8 a.m. to noon.

* Hint: If you don’t happen to work in or near Simmons Tower, the southeast entrance nearest the intersection of 6^th and Spring Streets will lead you directly to Italian Coffee Corner. Metered parking is almost always available on 6^th St.

Tenant Estoppel Certificates

Posted on 11/08/22

Are you a tenant? A landlord thinking about selling? Or an investor looking to buy a leased property? If you have answered “yes” to any of these questions, it is important that you understand what a tenant estoppel certificate is and the benefits and protections it offers.

What is a tenant estoppel certificate?

A tenant estoppel certificate is a legally binding document signed by a tenant verifying the current status and terms of a lease and specifying any modifications to the original agreement, defaults by the landlord, or other issues relating to the lease. Typically, an estoppel certificate is requested by the landlord as part of the due diligence process before closing on the sale of a property. This statement of facts regarding the lease and the premises estops either party from making a claim that contradicts those facts post transaction.

If you lease, own, or want to purchase a tenant-occupied property, it’s important to understand how a Tenant Estoppel Certificate can protect you.

Most commercial real estate lease agreements include a provision requiring a tenant to complete an estoppel certificate within a specified amount of time after receiving the Landlord’s request. However, only a landlord wishing to sell or refinance the property would request the estoppel. If a lease does not have a provision requiring a tenant to complete an estoppel certificate, it is in the best interest of the tenant to carefully review and complete the estoppel certificate to verify all pertinent lease information.

Why sign a tenant estoppel certificate?

From the tenant’s perspective, an estoppel certificate informs and certifies to the purchaser of the property (i.e., the new landlord under the lease) and, in the event of financing, the lender of any existing issues they will need to address after closing. For lenders and purchasers, the estoppel certificate verifies information presented by the landlord regarding the tenant, the premises, and certain material terms of the lease, which helps prevent any costly surprises after closing.

As a full-service commercial real estate firm, Kelley Commercial Partners provides landlord and tenant representation. And no matter which side we represent, we are committed to successfully guiding you through the process from the beginning through closing. For all your commercial real estate needs, let us be your partner to success.

Abby Turner Promoted to Assistant Property Manager

Posted on 04/27/22

Last May, Abby Turner interviewed with Kelley Commercial Partners for the position of tenant relations manager, and it didn’t take long for us to figure out that Abby would be a great addition to our team and a perfect fit for the job. Immediately following her graduation from Ouachita Baptist University, the Arkadelphia-native packed up and moved to the big city to start her new job in Arkansas’s tallest building. She would assist tenants of the three floors in Simmons Tower dedicated to executive suites: Level Two Executive Suites, 15th Floor Executive Suites, and the new Capital Center 12th Floor Executive Suites.

When Abby started, we had nearly completed the conversion of 19,100 square feet of office space on the 12^th floor to 50 executive suites. One month later, with Abby’s help, we began leasing the Capitol Center 12^th Floor Executive Suites, which is now 80 percent occupied.

As the tenant relations manager, Abby welcomed new tenants to executive suites on floors 2, 12, and 15 and made sure they had everything they needed to get right to work, but she didn’t stop there. Abby also helped coordinate the annual Christmas Tree Lighting celebration and established the very popular “Food Truck Tuesday,” which takes place every other Tuesday. She even brought in a trainer and a yoga instructor to teach classes in the gym on the second floor. And on top of all of that, she still finds time to manage Simmons Tower’s social media accounts. (Follow them on Facebook and Instagram.)

In less than a year, Abby was promoted to assistant property manager, and she has just earned her real estate license. She looks forward to planning more events for the Tower and reestablishing a sense of community for the building. She says meeting new tenants is her favorite part of the job, plus she says she really likes her KCP teammates. Really.

Abby, we are so pleased to have you on our team and congratulate you on your achievements so far. We really like having you on our team. Really.