Hathaway Group brokered the $8.5 million sale of an industrial property at 1900 W. 65th St. in south Little Rock.
The property — a 345,000-square-foot building on 13.2 acres with six tenants — is also known as Space Center.
Hathaway Group Executive Vice President Stuart Mackey, CCIM, SIOR, represented the seller – a private individual, as well as the buyer – B.H. Property W. 65th LLC. The LLC is an investment group based in New York, with members from New York and Miami.
This is the second deal Mackey has brokered for this investment group on behalf of Hathaway Group.
“The owner had sold his business and wanted a fresh start,” Mackey said. “Once the building sold, the business previously owned by the seller was immediately downsized by 70%. But we were able to bring in a new tenant to the space the day the property sold, so the buyer had 100% occupancy started day one.”
Tenants include distributors, light fabricators and warehousing users.
