T
he Commercial Real Estate Council of Metro Little Rock (CREC MLR) honored outstanding achievements in the commercial real estate industry at its seventh annual awards ceremony on February 25. The event recognized significant transactions and contributions made by local brokers in metro Little Rock over the past year.
John Flake, a renowned developer, and Timothy Grooms, an accomplished attorney, received Legends Awards for their dedication to the industry. Flake's illustrious career spans decades, with notable projects including the Simmons Bank building and numerous healthcare, office, retail, and energy solutions developments. His client portfolio boasts prominent companies such as Baptist Health, Walmart, and Verizon.
Grooms is a founding member of Quattlebaum, Grooms & Tull PLLC, representing clients in various transactional matters, including real estate and commercial lending transactions. He has negotiated hundreds of leases on behalf of major retailers and developers throughout Arkansas and the Mid-South.
Other award winners included:
* Largest Industrial Lease: 1601 Gregory St./Priority Wire & Cable
* Largest Medical Lease: 100 Four Paws Lane/Fresenius USA Manufacturing
* Largest Office Lease: 5 Allied Drive/Lyon College
* Largest Retail Lease: 1200 Breckenridge Drive/Film Alley
In the sales category, notable winners included:
* Largest Industrial Sale: 400 Murphy Drive/ACE Hardware Regional Distribution Center
* Largest Land Sale: Chenal Parkway & Rahling Road
* Largest Multifamily Housing Sale: 11700 Pleasant Ridge Road-11810 Pleasant Ridge Road/Pleasant Ridge-Pleasant Ridge Pointe
* Largest Office Sale: 7773 Sloan/Lexicon
* Largest Retail Sale: 17711 Chenal Parkway/The Promenade at Chenal
The Commercial Real Estate Impact Award was given to the Arkansas Symphony Orchestra Stella Boyle Smith Music Center, and Breckenridge Village received the Commercial Real Estate Project of the Year award.
