The development of a previously vacant building in the Port of Little Rock has been recognized with a CoStar Impact award.
The South Port Commerce Center project was recognized as the Commercial Development of the Year in the Little Rock and North Little Rock market by local real estate professionals, including Gabe Holmstrom, Executive Director of the Downtown Little Rock Partnership, and Matthew Beachboard, Brokerage Director at Moses Tucker Partners.
The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects with significant influence in neighborhoods or submarkets across 128 major markets in the United States, as well as in Canada and the United Kingdom.
The South Port Commerce Center
Located at 7103 Zeuber Road, the South Port Commerce Center is a two-building modern class A industrial space in the Port of Little Rock.
The first phase of the project included a 537,845-square-foot cross-dock industrial warehouse facility with 68 dock doors, 52 future doors, 4 drive-in doors, 160 trailer parking spaces, and 449 regular parking spaces. The second phase of the project included a 428,000-square-foot cross-dock industrial warehouse facility with 68 dock doors, 52 future docks, 4 drive-in doors, 143 trailer parking spaces, and 300 regular parking spaces.
“This investment will add much-needed industrial storage capacity to the Port, fueling growth of both current and future Port industries,” said Clay McGeorge, Chair of the Little Rock Port Authority’s Board of Directors.
The Port’s Growing Influence
The Port of Little Rock has been facing increasing demand for storage space from companies looking to take advantage of the many economic benefits the Port has to offer. The demand is driven in part by businesses looking to move logistics back to the U.S. after being disrupted by the COVID-19 pandemic.
