Florida real estate investment firm buys Park Plaza mall

Boca Raton, Florida-based Second Horizon Capital announced Tuesday (March 28) it has acquired Park Plaza Mall in Midtown Little Rock.

Terms of the deal were not disclosed.

The 268,000 square-foot retail space will be revitalized, according to Second Horizon. It said it sees the mall as an economic driver that can be part of “a vibrant community destination and landmark in the heart of Little Rock.”

“Park Plaza Mall presents a compelling opportunity for Second Horizon Capital, and we are excited to be investing in the future of Little Rock,” said Howard Levine, co-founder and Managing Partner of Second Horizon Capital.

“Our goal is to strengthen the center by investing new capital, attracting new tenants, and providing engaging offerings that serve the needs of the Little Rock community. We want to help reinvigorate Park Plaza Mall as a community hub that meets the shopping and entertainment needs of our customers and supports local entrepreneurs and small businesses,” he added.

Second Horizon Capital has engaged JLL to provide ongoing property management and leasing services for Park Plaza Mall. JLL is one of North America’s largest retail property management companies, with extensive experience overseeing retail centers nationwide.

“We look forward to building strong partnerships with local leaders and other businesses in the area to help enhance and support the Midtown neighborhood and the Little Rock community,” said Camilo Varela, co-founder and Managing Partner of Second Horizon Capital.