John Flake, a long-time leader in Arkansas’ commercial real estate industry, said Thursday that he’s “immediately” leaving Flake & Kelley Commercial of Little Rock to join his daughter’s firm, Flake & Co. of Little Rock, which she founded this year.
John Flake will serve as chief real estate advisor for the firm. Jessica Flake Dearnley is the company’s CEO; Thomas Schmidt is co-founder.
“I’m excited to be able to work with my daughter and Thomas Schmidt as they strive to chart their own course in the real estate industry,” John Flake said in a news release. “My job will be to advise, when asked, consult on projects and provide support.”
John Flake founded the original Flake & Co. in 1979. His projects include the 40-story Simmons Bank Building in downtown Little Rock, which opened in 1986.
“My father is a dream addition to any brokerage team,” Dearnley said. “His career spans four decades because he is a man of great character, vision and wisdom. He has been a mentor to many of Arkansas’ business leaders and has been my role model for a lifetime.”
“Working with my daughter has always been very important to me,” John Flake said. “I believe in Jessica’s vision for the company and I want to do everything I can to help her and co-founder Thomas Schmidt succeed.”