Hendricks & Partners senior investment advisor John D.Clayton says leasing for the asset at 75 Riverfront Drive beganduring Q1 2008. The project itself was completed last summer and isalready 80% occupied. Little Rock-based Clayton, who isrepresenting seller Bomasada Group of Houston, says even in astrong market like Little Rock, he hasn't before seen such activeleasing velocity.

"The developer could not have timed the development of thisproperty any better in terms of the location," says Clayton, who ismarketing the property with colleagues Aaron Hargrove, associatepartner of Hendricks & Partners' Tulsa, OK office and seniorinvestment advisor Tim McKay, who operates out of the Oklahoma Cityoffice. "He took a location that originally had an old, emptywarehouse on the Arkansas River, demolished it, and built thisstructure," Clayton adds.

While Enclave at the Riverfront was under development, the370,000-square-foot Alltel Arena was just finishing constructiondown the street. Adding to the perfect storm was the completion ofJunction Pedestrian Bridge, which crosses the river and linksEnclave at Riverfront to Little Rock's booming River MarketDistrict.