Cushman & Wakefield/Sage Partners hosted a ribbon cutting event Thursday, celebrating the completion of nearly $4 million in improvements to the iconic Doctors Building located in the heart of Little Rock on S. University Ave. The event featured special guest speakers, including Little Rock Mayor Frank Scott, Jr., James Reddish, executive vice president of the Little Rock Regional Chamber of Commerce, Brad Henry, managing partner of Natural Capital, and Marshall Saviers, CEO of Cushman & Wakefield | Sage Partners.
Cushman & Wakefield/Sage Partners is a locally owned and operated, full-service commercial real estate firm with offices in Northwest and Central Arkansas. Sage Partners currently manages and markets more than 6.5 million square feet of office, industrial and retail properties across the state.
Purchased by Natural Capital two years ago, the building has undergone significant improvements despite the ongoing pandemic. The building is leased and managed by Sage Partners. “This historic building, in the heart of Little Rock is now better prepared to serve existing medical clients and expand medical facilities in central Arkansas,” said Betty Donovan, Sage Partners & Doctors Building property manager for more than 30 years. The project includes a new main entrance, exterior paint, improvements to the parking lot and deck, new lighting, main floor interior upgrades and new landscaping. The building is also on schedule for continued work on common areas of the upper floors. These improvements were made by the team at VCC who also provided the refreshments for the event.
“We acquired the Doctors Building in 2019 with the express intent to revitalize one of Little Rock’s key medical assets, said Brad Henry, managing partner of Natural Capital. “Investing in medical infrastructure is a key strategy for our firm. We appreciate all of the support we received from our team at the Doctors Building including, Sage Partners, VCC, Citizens Bank, and Cromwell architects.”
Natural Capital is an investment firm focused on private investment opportunities, located in Arkansas and the Heartland region. The team brings decades of investing experience across multiple asset classes, including real estate, private and public equity, and investment fund due diligence. Natural Capital is led by Managing Partner Brad Henry and partners Todd Simmons, CEO of Simmons Foods; Marshall Saviers, CEO of Cushman & Wakefield | Sage Partners; and Brock Gearhart, President and CEO of Greenwood Gearhart.
Photo Credit: Nelson Chenault