CenterPoint Energy pays $2.5 million for former Molex facility in Maumelle
by May 21, 2020 3:16 pm 2,500 views
The former Molex facility at 101 Bringler Drive in Maumelle sold May 6 to CenterPoint Energy Inc. of Texas for $2.5 million. Real estate representatives for the seller announced the deal Thursday (May 21).
The 52,126-square-foot warehouse/office building on 10 acres was formerly home to Molex Cable Assembly. The building is fully climate-controlled.
CenterPoint serves as the holding company for natural gas utilities in Arkansas, Oklahoma, Louisiana, Texas and Minnesota, where it serves more than 5 million metered customers.
Clark Irwin and Justin Bentley of Colliers International in Little Rock represented the seller. John Flake and Thomas Schmidt of Flake & Co. in Little Rock represented the buyer.
In a separate deal announced Thursday, Colliers International also brokered a large lease in Maumelle. Forever Collectibles signed a lease for an additional 200,000 square feet at the Little Rock Logistics Center at 104 Champs Blvd. That increased the company’s footprint in the building to 275,000 square feet.
Lease terms were not disclosed. Clark Irwin represented the tenant. Jim Irwin, also with Colliers International, represented Glen Una Holdings, the property owner.
Built in 1989, the Little Rock Logistics Center is a Class “A” warehouse totaling 500,000 square feet on approximately 32 acres. It includes parking for 460 and 63 dock-high doors. Forever Collectibles plans to expand its e-commerce distribution operation at the warehouse.
The 200,000-square-foot suite was previously occupied by Leisure Arts prior to its July 2019 sale to a Eugene, Ore. craft distributor company.