| Innovative Properties |
Completed in 1982, the Excelsior Hotel (now Peabody Little Rock) and the Arkansas Statehouse Convention Center has brought thousands of conventions and millions of dollars to the downtown and metro Little Rock area. The complex was built where the landmark Marion and Grady Manning Hotels once stood overlooking the Arkansas River. The Excelsior has since been acquired by the Peabody Hotel Group, and reopened as the Peabody Little Rock in 2001 after a $40 million renovation project. |
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| Metropolitan Tower, completed in 1986 as the Capitol Tower, and then TCBY Tower, was developed by what is now the Flake & Kelley Commercial firm of Little Rock. Metropolitan Tower soars 40 floors over the city and remains the tallest skyscraper in Little Rock and in the state of Arkansas. Doyle Rogers Company represented Metropolitan National Bank with its leasehold acquisition of the lobby area, the 12th, 13th and 14th floors, basing Metropolitan’s headquarters there and allowing for the renaming of the structure in October of 2004 as Metropolitan Tower. The Tower has climate controlled heating and cooling systems, high-speed elevators, and fiberoptic connections available for tenants. The building also hosts a 952-car parking deck across the street with connecting skywalk. Doyle Rogers Company is currently the special asset manager for this asset. |
Midwest Mall Properties, a limited liability company with members including Doyle Rogers, made acquisition of the Northwest Arkansas Mall in Fayetteville, Arkansas and the Citadel Mall in Colorado Springs from Macerich Company (NYSE: MAC), headquartered in Santa Monica, California.
The three malls, all considered preeminent malls in their respective states and each among the largest in their region, contain over three million square feet of space. The Northwest Arkansas Mall, with anchor tenants Dillard’s, J.C. Penney’s and Sears, has over 820,000 square feet, sits on 122 acres and has over 100 specialty stores and restaurants. Located on U.S. 71 near I-540, it has undergone a recent renovation. Over 450,000 people shop at the mall each year. |
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