March 28, 2023

First Safety acquires property close to I-430 for brand new Little Rock HQ

First Safety Bancorp has bought property from Constancy Nationwide Data Providers Inc. (FIS) on Rodney Parham Street close to I-430 in Little Rock, the place it would set up its Little Rock headquarters.

The Searcy-based monetary establishment made the announcement on Thursday (Dec. 15).

The campus at 4001 Rodney Parham Street will embody 275,000-square-feet of workplace area on 31 acres of land in a primary Little Rock location. First Safety is buying 31 acres and three of the 4 workplace buildings within the deal. FIS maintains the big seven-story constructing and roughly 15 acres of the property.

The brand new location for First Safety will home administrative and gross sales places of work for First Safety Financial institution Little Rock, in addition to Crews & Associates, First Safety Bancorp’s funding banking agency. These places of work are at the moment in downtown Little Rock at First Safety Middle on President Clinton Avenue and in west Little Rock at The Ranch on Arkansas Freeway 10.

“First Safety Bancorp continues to spend money on central Arkansas, and we’re glad to seek out an current constructing that meets our holding firm’s wants,” First Safety Bancorp chairman Reynie Rutledge mentioned. “This new Little Rock dwelling affords a chance for us to safe area for future progress, and we’re very excited concerning the potential.”

The property buy was brokered by means of Cushman & Wakefield/Sage Companions working with FIS, and Collier’s Worldwide on behalf of First Safety, and closed Thursday.

FIS gives First Safety Bancorp’s core banking system and has been a accomplice for greater than 40 years.

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“Our relationship with FIS is integral to this undertaking and can proceed sooner or later,” Rutledge mentioned. “Their partnership with First Safety in offering banking companies is an enormous key to our success.”

The area might be renovated for First Safety Bancorp’s wants and might be occupied in 2023. Windstream Communications will preserve their firm headquarters on this campus.

Different plans for the workplace area and property are nonetheless being developed as First Safety Bancorp determines how the extra area can finest be utilized.

“First Safety and Crews & Associates are excited concerning the synergies and nearer working surroundings this transfer will present not solely our firm, however our enterprise companions, as we sit up for the longer term progress of our firm,” Rutledge mentioned.