Two Little Rock industrial assets sold for $11.2M

Two industrial facilities in southwest Little Rock sold recently in separate deals worth $11.2 million.

Commercial real estate firm Colliers Arkansas in Little Rock reported the details Tuesday (Aug. 23) in a news release.

GTM I30 Holdings LLC, registered to Matt Summit, purchased a manufacturing facility at 7200 Interstate 30 on Aug.16 for $7.75 million from Cameron International Corp. Clark Irwin and Drew Holbert of Colliers Arkansas represented both the buyer and seller in the transaction.

The approximately 276,000-square-foot facility sits on more than 22 acres and consists mainly of manufacturing/distribution space.

Summitt is the chief financial officer for BBA Corp., a textbook company based in Little Rock. The buyer intends to expand its operations into the facility.

A 72,000-square-foot facility at 6801 Scott Hamilton Road sold for $3.5 million on Aug. 19 to SH Warehouse LLC. The seller was Gershman Properties LLC. Irwin and Isaac Smith, also of Colliers Arkansas, represented the buyer in the transaction. Mark Wiliford of Colliers Virginia represented the seller.

The building is fully leased to McKesson Corp. of Irving, Texas, for storage and distribution of medical and surgical supplies.

“These two transactions are great examples of the demand for industrial facilities in the Little Rock market,” Smith said in the release. “Both of these are conveniently located in a distribution area near I-30 and just miles from I-40, one of the busiest transportation and distribution corridors in the nation. Our firm was pleased to have had the opportunity to be involved in these transactions.”