Building in west Little Rock bought for $11.3M

Two Financial Centre Holding Co., owned by the families of John Flake and Hank Kelley, has purchased Two Financial Centre in west Little Rock for $11.3 million.

Kelley represented the buyers, who purchased the four-story, 124,904-square-foot building and 3.83 acres at 10825 Financial Centre Parkway. Also included with the property is a 33,088-square-foot underground parking garage.

Jim Bendall of Two Financial Operating Associates represented the seller.

Two Financial Centre is near the Interstate 430 and Interstate 630 interchange. Kelley said the location of the property and its proximity to restaurants, hotels and hospitals made it attractive for the company's real estate portfolio.

"We'll try to really bring it up to standard as we have done on Three Financial Centre," Kelley said.

Flake & Kelley will manage the Two Financial Centre property, adding it to more than 4.7 million square feet of commercial space the company already oversees.

-- Chris Bahn

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