Second Horizon Capital Announces Investment to Revitalize Park Plaza Mall as a Community Destination and Economic Engine
LITTLE ROCK, Ark., March 27, 2023 – Second Horizon Capital announced the closing of its acquisition of Park Plaza Mall, a 268,000 square-foot retail space located in the Midtown neighborhood of Little Rock, Arkansas. Through its acquisition, Second Horizon Capital will provide significant investment to revitalize Park Plaza Mall as an economic driver while reinvigorating the property into a vibrant community destination and landmark in the heart of Little Rock.
“Park Plaza Mall presents a compelling opportunity for Second Horizon Capital, and we are excited to be investing in the future of Little Rock,” said Howard Levine, Co-Founder and Managing Partner of Second Horizon Capital. “Our goal is to strengthen the center by investing new capital, attracting new tenants, and providing engaging offerings that serve the needs of the Little Rock community. We want to help reinvigorate Park Plaza Mall as a community hub that meets the shopping and entertainment needs of our customers and supports local entrepreneurs and small businesses.”
Second Horizon Capital’s acquisition of Park Plaza Mall was supported by Little Rock’s attractive economic and demographic environments and the significant potential for driving community engagement and local impact.
“We look forward to building strong partnerships with local leaders and other businesses in the area to help enhance and support the Midtown neighborhood and the Little Rock community,” added Camilo Varela, Co-Founder and Managing Partner of Second Horizon Capital.
Second Horizon Capital has engaged JLL to provide ongoing property management and leasing services for Park Plaza Mall. JLL is one of North America’s largest retail property management companies, with extensive experience overseeing dynamic retail centers nationwide.
About Second Horizon Capital
Second Horizon Capital is an impact investment real estate company that partners with communities to reimagine large-scale, underutilized commercial properties as vibrant destinations and local economic engines. The firm honors its role by investing in, supporting, and stewarding each community that it joins. Second Horizon Capital focuses on bringing community stakeholders, including municipalities, business owners, community groups, tenants, and end-users to the forefront in reinvigorating community hubs. By driving long-term value enhancement, seeking more equitable outcomes, and partnering with local stakeholders, Second Horizon Capital works to enhance its communities, as well as the properties themselves. Additional information on Second Horizon Capital can be found on the company's website at www.secondhorizon.com.
Contact
Angela Rachels, Ghidotti Communications
angela@ghidotticommunications.com
(501) 837-2363
