Development of American Taekwondo Association International (“ATAI”) Complex in Little Rock, Arkansas

Timothy W. Grooms and J. Cliff McKinney II represent American Taekwondo Association International (“ATAI”) in the development of a $13.5 million complex in Little Rock, Arkansas, which will serve as the national headquarters for the association.   ATAI plans to lease space and be the anchor tenant in the building developed by Martial Arts Services, Inc.   In addition to serving as general corporate and real estate counsel for ATAI, the law firm also acts as development counsel, finance counsel and co-bond counsel on the project.  Construction on the 45,300 square-foot facility began in June 2015 and is expected to be completed in August 2016.   Plans call for a three-story office tower with one-story wings coming off the main building to house a training center, a gym for employees, and a museum featuring artifacts from the history of ATAI and from the martial arts culture.   ATAI, one of the world’s largest martial arts organizations dedicated to the discipline of Taekwondo, was formed in 1969 and has based its headquarters in Little Rock, Arkansas, since 1977.