About Flake & Kelley

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FLAKE & KELLEY

COMMERCIAL

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To provide quality commercial real estate

services to our clients. Through targeted

marketing and relationship building with our

clients, we can provide these services for a

profit and allow professional growth of our

associates.

Flake & Kelley Commercial

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•Property & Facilities management

•Tenant Representation

•Development Management

•Investment Sales

•Build-to-Suit Opportunity

•Consulting & Advisory Services

•Accounting Services


ChainLinks Retail Advisors

Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) since 1992

Member, Institute of Real Estate Management (IREM)

Member, Building Owners and Managers Association (BOMA)

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Total square footage managed: 4,406,336

2,136,056 square feet of office space

498,484 square feet of medical office space

779,578 square feet of retail space

992,218 square feet of warehouse/storage space

Average length of management: 8.7 years

Flake & Kelley manages 20% of downtown office space, 24%

of suburban office space and 8.5% of community and/or

neighborhood retail space in the Little Rock market.


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Over the past five years, Flake & Kelley Commercial has had:

103 Total Tenant Representation Transactions

• 53 Retail

250,000 Square Feet

• 50 Office

430,000 Square Feet

Some primary Tenant Representation Brokerage clients include:

Panera Bread Regency Beauty College

AT&T Borders Books

Fellowship Bible Church Relax the Back

TJ Max Tyson Foods


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Having recently received the TJ Maxx account from

our ChainLinks affiliate, The Shopping Center Group

of Florida, we have reintroduced the state and are

currently working on a deal in the Russellville, AR

area. We have also shown several other new

markets to TJ Maxx. Our goal is to assist TJ in

accomplishing their goals of one store a year in the

Arkansas market.

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An account we have opened to the state thanks

to Pace Properties, Panera will open four stores

in 2008 and a projected two stores for 2009.

Our hard work and market knowledge continue

to help them with their proliferation throughout

the state of Arkansas.

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The largest cellular carrier in the world has

chosen Flake & Kelley to represent them

throughout the state of Arkansas. We have

completed over ten representation jobs for

AT&T in various markets, both small and large.

Their aggressive pursuit is complimented by

our knowledge and expertise to place AT&T in

the perfect retail real estate site.

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Leasing partner with 500,000 square feet retail development on 97

acres at Shackleford and I-430, Little Rock. Anchor leasing complete

with JC Penney, Wal-Mart Supercenter, Haverty’s, Babies R US,

Cracker Barrel and a variety of small regional restaurants and retailers

that follow Wal-Mart and JC Penney’s. 80,000 square feet of in line

small to medium space under construction with different phases of

completion through 2008

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Breckenridge Village is a retail shopping center located in west Little Rock with

approximately 124,554-SF. Flake & Kelley is responsible for both managing

and leasing spaces in this center. For entertainment, Breckenridge Village

boasts the United Artist Breckenridge Village movie theater and the Looney bin

Comedy Club. For kids, you’ll find The Wonder Place and Gymboree.

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Flake & Kelley Commercial is responsible for leasing space in this shopping

center. This property is located on the northeast corner of Markham and

Shackleford where both of these street experience high traffic volume

throughout the day. Anchors in this plaza include Kroger and Jason’s Deli.

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Midtowne Little Rock is a different kind of shopping experience that specializes

in modern, upscale, classic retail. With over 125,850-SF, this is considered the

best new retail space in the mid-town area. Co-tenants include The Container

Store, Children’s Place, J.Jill, Chico’s, Williams Sonoma, Relax the Back,

Brighton, Bombay, Justice for Girls, Lewis & Clark, Jos. A Bank, Ann Taylor

Loft, Pottery Barn, Starbucks, Harold’s Francesca’s, Pei Wei and White

House/Black Market.

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The Centre at Chenal is an office retail mix with a total size of 50,660-SF. This

center was constructed in 2000 and is located near the Chenal Country Club.

Co-Tenants include Koto, Xerox, Coffee Beanery and US Bank.

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Our firm not only manages Chenal Corners, but we are also responsible for

leasing the property as well. Anchor tenants include NYPD Pizza and the

Cross-Eyed Pig Bar-B-Q. This property is a 12,000-SF center located off

Highway 10 with a traffic count of 18,000 vehicles per day

Flake & Kelley Commercial helped one of the largest evangelical

churches in Arkansas locate 50 acres at the old Shackleford Dairy

Farm in west Little Rock for their new home. The relocation

involved working with the city of Little Rock to re-zone and re-

work site plans to facilitate this transaction.

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1501 Westpark

1601 Westpark

18 Corporate Hill

2120 Riverfront

333 Executive Court

613/615 Main Street

Acxiom Chenal

Acxiom Riverdale

Baker Building

Baptist Memorial

Blandford Building

Bowman Place

Breckenridge Professional

Breckenridge Village

Centre at Chenal

Centre at Ten

Centremark

Chenal Corners

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Comcast Building

Corporate One

Coresource

Deluxe Media

Dollar General

Durwood Plaza

Euronet

Extra Closet

Flake Wilkerson

Goodyear

Hot Springs Village

Landers Corporate

Medical Towers I

Medical Towers II

Metropolitan Plaza

Metropolitan Tower

Northwest Village

Nuvell

One Corporate Square

Otter Creek Business Park

Park Place

Procter & Gamble I

Procter & Gamble II

Rock Street Lofts

Shackleford West

Springhill Medical

Summit Plaza

Tarzana

Two Financial Center

US Bank Building

Village Shopping Center

Westchase Plaza

Westside Medical

West Little Rock Physicians

Center

Metropolitan National Bank Tower

ArkSys/EuronetHeadquarters

Acxiom Plaza

Acxiom Chenal

Procter & Gamble

The Victory Building

7 Shackleford West

Medical Towers II

Blandford Physicians Center

Arkansas Electric Cooperatives

Beverly Headquarters

St. Edward Mercy Medical Center

Dailey Building Conversion

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Metropolitan Tower

Riverdale Plaza

Chenal Office Park

7 Shackleford West

Dailey Building

Euronet Worldwide

Ark Systems Plaza

Arkansas Electric Co-Op

Beverly Enterprises

Procter & Gamble

Chambers Bank

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Constructed in 1986 containing 750,000 SF, 40 stories. Entergy

Corporation was lead tenant along with several prominent Little Rock

companies. Building currently operates at 95% occupancy.

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Conversion of the Dailey furniture building at 3rd and Rock Streets into

48 loft apartment units. Our firm represented an ownership group in

the acquisition of the building, design and remodeling of the facility and

the management to residential users.

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Represented Little Rock Cardiology in their attempt to find new office headquarters

in vicinity of the Arkansas Heart Hospital. Acquired 8-acre tract, selling off the front

4-acres to a Lexus car dealership. Leasing, property management and

development of a 70,000-SF facility.

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Assisted and represented Acxiom in the acquisition of a parcel forming a joint

venture to jointly own the property with the principals of Flake & Kelley. Acxiom

leased the facility from day one with 100% occupancy. Our firm represented the

development, leasing and property management to see that the property has

performed as scheduled.

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Corporate headquarters for executive team of the Acxiom Corporation. Our

assignment was to acquire a site and develop a building with the corporation

headquarters in mind leading the tenant mix with outside tenants containing

approximately 50% of the space. Our firm was development agent, leasing agent

and property management agent.

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Worked with Euronet to relocate them from the ArkSystems Plaza and resizing

their space need to recreate the optimum utilization of their space in a three-story

facility. The buiding was occupied with one-third outside tenants and two-thirds by

Euronet. This facility was built in 2002 with a recent refinance of the building.

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West Little Rock, Arkansas. We assisted ARKSys Corporation in the site selection for land

and development of 450,000-SF office and retail park which they occupied 80,000-SF. This

facility was built in 1995. Our firm was involved in the design and build phase of the project

coordinating the architect and contractors and in addition leasing out the balance of the

building to third-party tenants. Our firm has retained the property management and leasing of

this property since and has refinanced the property since the original project.

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Our company was retained to do a site analysis evaluation and feasibility study with making a

corporate headquarters at this location versus other locations in the community. We worked

directly with the board of Arkansas Electric Co-Op executive director to determine that the

existing site would handle a major improvement for the corporate headquarters facility and

then handled construction administration and offsite location necessary in order to

accommodate transition into this facility.

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The Centre at Ten is a 118,000-SF mixed use office

and retail project situated on 10.5 acres in west Little

Rock. Our firm assembled the ownership, picked the

site, oversaw construction administration, and

currently handles leasing and property management.

The occupancy rate is 90% with only small office

spaces available.


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Development of 82 acres at the northwest corner of Colonel Glenn and I-430,

Little Rock for primarily retail with minor office uses. Acquisition of

property completed, financing in place, anchor searches in progress.

Activity on out parcels and small parcels is extensive. Site work

anticipated to start in August 2007.