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John McKay on the move.

John McKay On The Move

The commercial real estate arm of Prudential McKay Properties has a new home.

The firm, led by John McKay Jr., has migrated to the Spring Plaza Building, where it is occupying about 1,500 SF on the third floor.

The three-story office building was the former home of the defunct Swink & Co. (known by rival bond dealers as Stink & Co.) and the former property of bond daddy Jim Dale Swink.

The Property Management Co. is managing and leasing the building, which is listed for $1.9 million by The Hathaway Group. Worthen Bank of Little Rock took the 43,000-SF building through foreclosure.

Prudential McKay Properties previously was quartered in the Madison Guaranty Building, where it managed the property in exchange for free rent.

Central Bank & Trust Co. recently bought the 21,000-SF Madison Building for about $220,000 from the Resolution Trust Corp. The RTC will remain as a tenant and move into the space formerly occupied by McKay.

Oh, yeah. The passionate purple that gave the Madison Building its unique appearance soon will be replaced with a subdued gray, accented by maroon awnings.

Have we been reading too many architectural design magazines or what?
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Title Annotation:Prudential McKay Properties moves to new building
Publication:Arkansas Business
Date:Jun 17, 1991
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