West Little Rock’s Sedgwick Building sells for $4.45 million
by January 22, 2019 10:24 am 226 views
A 48,800-square-foot office building near Financial Centre Parkway in west Little Rock recently sold for $4.45 million.
Woodmont Hardin LLC bought the building at 400 Hardin Drive, known as the Sedgwick Building.
Responsive Education Solutions, a Texas nonprofit, was the seller.
The transaction was announced Tuesday (Jan. 22) by commercial real estate firm Colliers International Arkansas in Little Rock.
The seller was represented by Mason Lewis and Dickson Flake of Colliers International Arkansas and Alan Tegethoff with the Doyle Rogers Co. The buyer represented itself in the transaction.
“This sale was a win for all parties involved,” Lewis said. “Sedgwick is a solid, value-add office building located in the middle of Little Rock’s largest trade area. With signalized access to a cul-de-sac, the property provides a quiet office setting near retailers, restaurants, banks and more. It’s a great place to do business.”
The building was built in 1994 and major tenants include the Arkansas State Bank Department, Schindler Elevator Corp., Pinnacle Point Hospital, Memphis Pathology Laboratory and the Ouachita Business Association.
Colliers International Arkansas will provide property management services for the new owner.