Category: Commercial News

Big Wins for Kelley Commercial Partners at the 2024 CREC Commercial Real Estate Awards!

Commercial Real Estate Council of Metro Little Rock (CREC MLR)

We are proud to share that Kelley Commercial Partners was recognized at this year’s Commercial Real Estate Awards, presented by the Commercial Real Estate Council of Metro Little Rock (CREC MLR). This event highlights the most significant transactions and projects shaping our market, and we were honored to take home awards in multiple categories:

• Largest Retail Lease1200 Breckenridge Drive / Film Alley
Represented by Hank Kelley & Daryl Peeples

Largest Office Sale7773 Sloan / Lexicon
Represented by Hank Kelley, Nick Kelley & Gary Smith

We were also proud to see the redevelopment of Breckenridge Village recognized as Commercial Real Estate Project of the Year! As participants in the redevelopment—through property management, development, leasing, and partial ownership—we’ve seen firsthand the dedication and collaboration that made this transformation possible. It’s an exciting milestone for Little Rock’s retail and entertainment landscape.

In addition to these highlights, several of our transactions were recognized among the top deals of the year in the industrial, office, and land categories. We’re grateful to be part of such a dynamic commercial real estate community and appreciate our clients and partners who make these successes possible.

Congratulations to all of this year’s winners and nominees!

#KelleyCommercialPartners #CREAwards #LittleRockCRE #CommercialRealEstate #Retail #Office #Development #BreckenridgeVillage #OurCityOurBusiness

FiiZ Drinks to Open First Arkansas Location in Bryant – Grand Opening November 9th

Fiiz Drinks

We’re thrilled to share that FiiZ Drinks will soon open its first Arkansas location at 1812 North Reynolds Road in Bryant, with a Grand Opening set for November 9th from 10am to 6pm. Known for its fun, family-friendly atmosphere and endless drink customization options, FiiZ Drinks is sure to be a hit in the community.

 Amber and David Jones, the owners of this new FiiZ Drinks location, came to us with a vision of finding the ideal spot—a location with a drive-thru in a high-traffic, family-oriented area. KCP agent Bill Puddephatt, CCIM worked closely with her to ensure we found the perfect place to meet those needs. Amber shared, “Bill guided us through the entire process and always looked out for what was best for us. He was patient, understanding, and made us feel confident every step of the way.”

To celebrate this exciting new venture, FiiZ Drinks will offer free drinks on Grand Opening Day! We couldn’t be prouder to have played a role in bringing this unique and vibrant business to our community and we look forward to seeing its success!

Visit their Facebook page to keep up with the latest news on Amber and David Jones’ Fiiz Drinks Bryant location

 

Berryville Regional Business Park: A Prime Opportunity for Business Growth

Berryville Regional Business Park

The Berryville Regional Business Park has been making headlines! This recent article from Talk Business & Politics highlights the unique opportunities this 380-acre site offers for businesses looking to invest—such as competitive pricing, opportunity zone tax incentives, and fully developed infrastructure, making this site ready for immediate development.

Kelley Commercial Partners is proud to be a part of Berryville’s continued growth and success!

Check out the article to learn more about the potential this business park holds for new and expanding businesses, and be sure to check out the listing on our website HERE!

Unlocking Productivity and Flexibility: Exploring the Benefits of Executive Suites

Capitol Center Executive Suites Reception

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.

1031 Exchanges Help Defer Certain Tax Liabilities

Brokerage, property management, development management, consulting

For all of your commercial real estate questions, ask a professional at Kelley Commercial Partners

A 1031 exchange, also known as a tax-deferred exchange, gets its name from the Internal Revenue Code 1031. Essentially, this rule in the tax code allows investors to defer certain tax liabilities they would otherwise incur after making a profit from a real estate investment. This can be an incredibly effective tool for investors who find themselves in a situation in which they would like to sell a real estate holding, but do not want to incur the tax burdens such a transaction would create.

In order to take advantage of the 1031 exchange rule, you must replace the property you are selling (the relinquished property) by purchasing another property (the replacement property) with one of equal or greater value and similar in kind and use. For example, if you are relinquishing a rental property for $100,000, you must replace it with another rental property with one valued at $100,000 or more. (You may also have the option to buy several rental properties, so long as the sum total of their value is $100,000 or more). So, unfortunately, you cannot relinquish a rental property and replace it with a vacation home because those two properties would not be alike in kind and use.

In addition to these restrictions, there is a set time frame in which all of these transactions must occur. Once the relinquished property has closed, investors have 45 days to identify the replacement property and 180 days to close that transaction.

Finding buyers for the properties you wish to relinquish, while at the same time attempting to identify equitable exchange properties can be challenging, especially considering the time restrictions. Proper attention must be paid to the details of how 1031 exchanges work and how using them might affect your long-term plans. This is why it is so important to find an experienced CRE professional you can trust to help you with the due diligence commercial real estate transactions require.

If you have any questions regarding a tax-deferred exchange or any other commercial real estate issue, Kelley Commercial Partners brokers and associates are here to provide the answers and support you need to make successful decisions.