In The News

Hank Kelley, guest lecturer at UALR College of Business

Hank Kelley, Jr.

On Monday evening, Hank Kelley was invited by instructor Elizabeth Small to lecture her UALR College of Business Finance 4371 class. This senior-level class teaches elements of mortgage financing for housing and investment property; sources of funds; application and approval; real estate investment analysis; effects of financing and income taxation upon investment returns and is part of the college’s real estate program.

Kelley discussed the types of mapping and demographic information Flake & Kelley provides clients. National retailers rely heavily on location, traffic counts, other retailers, and competition, as well as demographics before deciding on a site. He also covered current trends in the commercial real estate market. He noted the increased interest from investors in multi-family properties. An investment group out of Cinncinati recently purchased the 84-unit Barrister Court apartments. Retailers, on the other hand, are figuring out how to do more with less. Kelley commented that Little Rock’s newest national retailer, Trader Joe’s, prefers keeping shelves stocked rather than leasing more space for storing goods. The Little Rock Port was recently in the news because the Michigan-based company, HMS Manufacturing, chose a 550,000 SF industrial space in the port to open its fourth manufacturing facility.

On the subject of investing in real estate, Kelley shared advice his father, who was also in the real estate business, shared with him, “Every piece of property you own owns a piece of you.”

Hank’s executive assistant and current student at the College of Business, Tara Mitchell, was invited to sit in on the lecture.

“I was so excited when Professor Small gave me permission to sit in on this class. It’s great to watch Hank share his knowledge with the next generation, and I am grateful for the opportunity to learn from such a successful person on a daily basis,” said Tara Mitchell.

HMS Manufacturing Co. announces production and distribution facility at the port

Gov. Asa Hutchinson

The Arkansas Democrat-Gazette reported that Gov. Asa Hutchinson announced Wednesday HMS Manufacturing Co. will open its fourth manufacturing and warehouse facility in Little Rock. Co-owners, Janet Sofy and Nancy Negohosian, were in Little Rock for the announcement. This operation will create up to 90 new jobs in Little Rock. Nick Kelley and Gary Smith of Flake & Kelley were in attendance. 

“We’re excited to see the increase in activity in the port and the creation of new jobs,” said Nick Kelley, executive vice president and partner.

Frito-Lay occupied a brand new $2.5 million warehouse facility in 2018 and in August of this year Smith closed on the sale of 35,600 SF at 4301 Mauney Rd. in the port. Currently he has an office building at 7773 Sloane Dr. listed  for sale.

“The Little Rock Port Authority does a great job promoting the port and bringing new business to Little Rock,” said Gary Smith, director of business development at Flake & Kelley.

Nicholas Kelley Joins LGLR Class XXXV

LGLR Class XXXV Announcement

We are pleased to announce Nicholas (“Nick”) Kelley has been selected to participate in Class XXXV of the Little Rock Chamber’s Leadership Greater Little Rock program.

“I’m honored to be part of the Chamber’s leadership program and look forward to the experience, camaraderie, and commitment,” said Nick Kelley.

This is the third consecutive year Flake & Kelley has had an associate accepted into the Leadership program and Kelley is the eighth associate of the firm to participate. Former alums include Jim Dailey (Class I), Hank Kelley (Class V), Daryl Peeples (Class VI), Bill Pendergist (Class XXIX), Drew Laning (Class XXXIII), Jessica Kokinos (Class XXXIII), and Cynthia Lu (Class XXXIV).

As an attorney specializing in real estate, Nick’s expertise brings a high level of real estate services to the firm. Prior to joining Flake & Kelley Commercial in 2017, Kelley served as a real estate associate with McGuireWoods in Atlanta, Ga. He also was a commercial real estate associate for Quattlebam, Grooms, Tull, & Burrow of Little Rock, Ark. He has represented real estate developers, Fortune 500 retailers, lenders, borrowers, and other clients on complex commercial transactions. In addition to his roles as executive vice president and partner at Flake & Kelley Commercial, Kelley serves as a member of the Central Arkansas Executives Association (CAEA) and Children’s Hospital Committee for the Future.

We congratulate all of the Leadership Greater Little Rock Class XXXV, presented yesterday in the Great Hall of the William J. Clinton Presidential Center.

“It’s an incredible program where participants not only learn to maximize their leadership potential but how to put it into action in the community,” said Hank Kelley.

The announcement was followed by a reception sponsored by Simmons Bank.

Kim’s Alterations Opens at Mississippi and Cantrell

Kim Lien Trinh of Kim's Alterations

Nick Kelley helped small business owner, Kim Lien Trinh, find the perfect space and location for her new venture. Kim’s Alterations opened at 2002 N. Mississippi, next door to Max Cleaners just off Cantrell Rd. Trinh gave the 1,200 SF space a clean, fresh, modern makeover inside and out before opening on Sept. 3.

“I love the location and the visibility from Cantrell,” said Trinh.

Kim Lien Trinh - Kims Alterations

Trinh in her workspace

Upon entering the shop, customers are greeted by an inviting seating area in neutral greys and browns. To the left of the entry is a curved, slatted wall enclosure where Trinh works. Most of one wall holds large spools of thread in just about every color imaginable. Her workspace is bright and organized.

“You should have seen the place had an amazing commercial concrete floors,” said Nick Kelley.

Trinh has been doing alterations since 1994, first for S&K Menswear and then with her brother at International Alterations of Benton. Her services include alterations of men’s and women’s clothing, formal gowns, and beading. She also works on leather.

“My favorite things to work on are prom and formal gowns. I like to see how pretty the girls look,” said Trinh.

Kims Alterations

2002 N. Mississippi just off Cantrell

Flake & Kelley has a wide variety of commercial properties available of all types and sizes. Let our experts help you find your perfect space. Contact us today.

Chainlinks: Partners, Restaurants & Recipes from New Orleans

Brown Butter Tart

We get a lot of mail at Flake & Kelley, but there is one piece, in particular, we look forward to opening every month. Corporate Realty, our #ChainLinks partner in New Orleans, sends an update of their monthly transactions, plus a feature and a recipe from one of the Big Easy’s fabulous restaurants. In June, it was Herbsaint Bar and Restaurant and the recipe for their Brown Butter Tart. July featured Link & Stryjewski Foundation and Apple Pocket Pie! ChainLinks membership has its privileges, but this just might be one of the best perks. Thanks for sharing, Corporate Realty.