Category: New Business

Kelley Kolettis Designs opens at The Shoppes at Rodney Parham

Kelley Kolettis Designs

Over the last 13 years Kelley Kolettis has progressed from art student, to experienced designer, to successful entrepreneur with her very own design firm, Kelley Kolettis Designs. The Shoppes at Rodney Parham became KKD’s newest home base in February 2022. “We were so pleased to work with such a talented member of the business community and help her find the perfect space for her firm,” said Cheryl White, senior property manager.

Kelley has a wide range of experience working in several different areas of the design world from furniture design, kitchen and bath renovations, commercial office layouts, and event planning, but her current focus and specialization is now on residential design and small commercial projects. Her busiest months are November and December when she is busy decorating homes and businesses around central Arkansas for the holidays.

Shoppes at Rodney Parham

Kelley Kolletis Designs, 10020 N. Rodney Parham, Suite 6, Little Rock. Illustration by Ellen Yahl

Kelley is available by appointment to meet with you at the studio located in Suite 6 of the Shoppes where her unique and sophisticated style are on full display. If you can’t get to her studio, Kelly offers virtual consultations as well. She is eager to share what she’s learned over her many years of experience and is always willing to answer questions or recommend one of her trusted tradesmen to help you get the job done. Her design studio also features a gallery of works by local artists’ if you’re looking for some color to add to your walls.

“We know that Kelley has many years of success in her future, and we wish her all the best on her journey,” said Brooke Miller, agent and partner.

If you’re looking for space for your business to call home, browse our properties or contact one of our trusted agents at 501.375.3200.

Opportunity Zones: The Basics

What are opportunity zones?

Opportunity zones were created by congress as part of the Tax Cuts and Jobs Act of 2017 to spur economic growth in economically distressed communities. In April of 2018, Gov. Asa Hutchinson proposed 85 tracts around the state be designated as official Opportunity Zones in Arkansas. By December of that year, the US Department of the Treasury confirmed this proposal and all 85 tracts were designated as Qualified Opportunity Zones (QOZs). There are more than 8,700 designated zones nationwide that provide tax incentives for private investment in low-income communities. Opportunity Zone properties around the state vary greatly. They include urban/downtown, industrial, suburban, and rural areas—but each QOZ shares the same need of a spur in economic growth and job creation. Click here to view an interactive map of opportunity zones in Arkansas.

How do they work?

Investors who wish to take advantage of this program have 180 days to reinvest any prior eligible capital gains into a Qualified Opportunity Fund (QOF) and by doing so, they receive several tax incentives on those gains. The QOF is created to invest in an opportunity zone property with at least 90 percent of its assets dedicated to the QOZ. By reinvesting all or a portion of their gains into a QOF, the investor’s capital gains tax may be deferred until the sale of the QOZ investment or until December 31, 2026, whichever comes first. If the QOZ is held for five years, the investor will benefit from a 10% exclusion of the deferred gain; holding it for seven years will increase the exclusion to 15%. Investors who hold the QOZ for at least 10 years will eliminate paying a capital gains tax on appreciation of the QOZ property.

Who benefits?

Investors benefit from the preferential tax treatment while communities benefit from property improvements, job creation, and new businesses. Small businesses operating in the opportunity zone may also benefit with an equity investment from a QOF. There are requirements that must be met to qualify as an Opportunity Zone Business (QOZB), which are outlined in detail in the New Proposed Regulations.

The Opportunity Zones program is a unique and effective economic development tool and an important part of making our communities and neighborhoods stronger, safer, and more economically healthy. As Opportunity Zones grow and prosper, the communities around them reap the benefits, which in turn, benefits everyone.

Learn more:

IRS: Opportunity Zones

Arkansas Economic Opportunity Zones

The information provided here in is not to be construed or relied upon as legal or tax advice.

 

Franks Dermatology adds SKN at Franks Dermatology

 

Rachel Sims Hayden Franks

Rachel Sims, RN and Hayden Franks, MD partner to add SKN at Franks Dermatology

Franks Dermatology opened in Suite 320 of the Simmons Plaza Building at 4220 N. Rodney Parham Rd. in 2017. Dr. Hayden Franks and his wife, Lynne renovated the 2,064 s.f. suite and created a beautiful space for his patients from the moment they enter the reception area and into each examination room. They thought of every detail with the patients’ care and comfort foremost in their design. After practicing for more than 20 years, Franks has built a reputation for providing exceptional care. His staff shares the same commitment to the patients. Franks specializes in medical dermatology, surgical dermatology, and skin cancer.

In March, Franks partnered with Rachel Sims Miller to open SKN at Franks Dermatology located in Suite 102 of Simmons Plaza. This 1,977 s.f. space was also renovated to create a welcoming and relaxing space for clients. SKN offers high-end skin care and a wide range of aesthetic products. Miller is a registered nurse and an aesthetic nurse injector with more than seven years of experience. Her training and continuing education keep her informed of the latest, safest, and most effective products and procedures available. She has also developed her own skin care line, Miller Marsh Cosmetics. Like Franks, Miller is passionate about her work and dedicated to providing superior care to each client.

Senior property manager, Cheryl White, says Franks and Miller have been a pleasure to have as tenants. “I wish them great success with their newest endeavor. SKN is a wonderful addition the to the building and community,” said White.

Kelley Commercial Partners leases and manages properties to suit a variety of medical practices. If you would like more information about what we have available, please call 501.375.3200.

Dog Days? Pretty Paws!

Breckenridge Village

Is your pooch looking a little unkempt during these “Dog Days” of summer? Well, our newest tenant at Breckenridge Village Shopping Center, Pretty Paws Pet Grooming, can get your fur baby looking and feeling great again. Tabbitha Taber and Dominick Maida opened this boutique pet grooming salon on May 20th of this year.

Tabbitha and Dominick make a great team. She handles all the pups in the front of the shop, while he handles all the biz in the back. Of course, Dominick will often step out of the office to play with a pup or two. Can you blame him?

Tabbitha has been grooming dogs for about seven years, and in spite of the daily occupational hazard of a dog bite, she absolutely loves what she does. She says, “I love all animals!” At home she has four dogs, four cats, and a rabbit.

Tabbitha started her pet grooming journey as a bather at a shop in Bryant and as she observed the groomers, she knew right away that she had found her passion. Anxious to learn, she spent the next year training in Bryant with a groomer who specialized in show poodles. Since then, she has worked at a number of veterinary clinics and grooming salons before the opportunity to open her own place presented itself. One evening the couple was visiting Angie Creal, owner of Axis Salon in Suite A7 of Breckenridge Village when they noticed the “For Lease” sign in the window of the space downstairs. “It just happened to be the perfect size and had some other features which were exactly what I was looking for to open Pretty Paws,” says Tabbitha.

Working with leasing agent, Brooke Miller and property manager, Missy Cherry, Tabbitha and Dominick signed a lease and got to work. The result is a fun, colorful space designed to keep the animals happy and safe. “It’s all about the animals,” she says. Of course, she loves to please her two-legged clients too, but Tabbitha readily admits, “If I didn’t have to have money to live, I would do this [job] for free!”

Pretty Paws is located in Breckenridge Village Shopping Center at 10301 N. Rodney Parham, Suite A3. They are open Monday through Friday from 8 a.m. to 6 p.m. and are currently offering a 20 percent discount to customers who send a referral. Military and senior citizens (65+) always receive a 10 percent discount.

Arkansas Osteopractic Thrives in Breckenridge Village

Ben Milholen, Arkansas Osteopractic

In October of 2019, physical therapist Ben Milholen opened Arkansas Osteopractic in Breckenridge Village at the corner of N. Rodney Parham and Interstate 430. After four short months, and working through the challenging ups and downs of starting a new business, Milholen had surpassed his plan for growth — and then the pandemic hit. His practice was essentially shut down for two months and he found himself starting over six months after opening. “However, once things got going again, they really took off,” said Milholen. Arkansas Osteopractic now manages a full schedule of patients every day and Milhollen, pending approval, is looking to add therapists representing multiple therapy disciplines to the practice.

Milholen, a graduate of the University of Central Arkansas’s DPT program, has been a practicing physical therapist since 2011. Prior to opening his practice, he was at CHI St. Vincent.

In January, the American Academy of Manipulative Therapy named Arkansas Osteopractic the 2020 Clinic of the Year. Milholen expressed gratitude to his patients for their support and the confidence they have in him.

The clinic offers a wide range of services from electrical stimulation to therapeutic and functional exercises. “ … the clinic is evolving into more than what I had imagined … ,” said Milholen.

Kelley Commercial Partners congratulates Ben Milholen for his tenacity and success during a challenging time. Arkansas Osteopractic is located at 10301 N. Rodney Parham, Suite B-3 in Little Rock and is open from 9 a.m. to 5 p.m., Monday through Friday. A full list of services and pricing are available on the website. Call (501) 615-8046 to schedule an appointment.