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4Q 2008
Hewlett-Packard Company (NYSE: HPQ) of Palo Alto, California will absorb 40,000 sf of Class A office space in downtown Little Rock’s Metropolitan Tower. The lease, which totals nearly three full floors, will put the 40 story asset at approximately a 95 percent occupancy level. The IT giant has announced that it will be opening a state-of-the-art customer service and technical support facility in the Little Rock MSA area of Conway, Arkansas, including plans to employ 1,200 within the next two years. Metropolitan is the state's tallest office tower.
After assisting Wal-Mart Stores, Inc. (NYSE: WMT) with site selection and acquisition of the property for its newly opened 220,000 sf Little Rock MSA - Sherwood, Arkansas Supercenter location, Doyle Rogers has started leasing efforts for the first phase of its planned retail development on site with the Wal-Mart Supercenter. The initial phase will include a 30,000 sf retail shadow center, and the company has plans for a future second phase, as well as developing its currently available outparcel properties.
Doyle Rogers announces the leasehold acquisition and current construction of Walgreens (NYSE: WAG), the newest retail component of the group’s original 38 acre undeveloped property along Maumelle Boulevard in the Little Rock MSA area of Maumelle, Arkansas. The 15,000 sf Walgreens development will be a leasehold project, and will have frontage on Maumelle Boulevard and Odom Drive. This Walgreens lease shortly follows the $2.8 million land acquisition by the Kroger Company (NSYE: KR) for its newly opened 83,000 SF grocery and pharmacy location on the same site. The remainder of the undeveloped property will be utilized for retail use in the future.
Doyle Rogers announces its new 13,600 sf retail development in the Little Rock MSA area of Cabot, Arkansas along Dakota Drive. The property will include tenants such as Sherwin-Williams (NYSE: SHW) and Hallmark Cards, Inc., as well as available retail space for lease. |
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| 1Q 2008 |
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| Waschka Capital Investments Inc. officially became Metropolitan Capital Management beginning in 2008. Metropolitan National Bank acquired the assets of Waschka Capital Investments in November 2004. The $100 million investment firm was founded in 1990. |
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