Thursday, May 31, 2012

VA move to Parklane Shopping Center helps fill vacant commercial space - Wichita Business Journal:

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The VA recently launcher a new low-vision intermediate levelo clinic at the that will move to the center at Lincoln and Itsother eye-care services will consolidatew there as well. “We, quite frankly, ran out of room to do that says VA facility plannerKen Allensworth. The VA in Wichita long has facedr limited space at the Dole campus at Kellogg and Oliverf and has been seeking to place some of its operationse in other spaceacross Wichita. The agency last year movecd some of its administrative officesto Parklane, just a mile Its new lease swells its total space there to 18,000 square feet. The VA selected the centefr through competitivebid process.
“The vendor has just presentedr ideal optionsfor us,” Allensworth says. The lease rate advertised at $8.50 per square foot — wasn’ty disclosed. The new eye care clinif will employ 15 to 20 It will open in late July or early August. The lease puts the 300,000-square-fooyt Parklane at 94 percent full in what has been a difficult leasing market. “You reallhy have to work at it,” says Dennis managing broker forBuilders Inc., whicbh owns Parklane. “There are fewer lookers, and when they do actuallyy come in and lookat space, theres seems to be more concessionws wanted, lower rent.” But the center has score d well with government agencies.
Parklane also is home to offices forSedgwicj County. Government leases have been a poinr of emphasis recently for othetrlocal landlords. , at 4031 E. Harry, recently addedd the . The former Wichita Mall alreadyt has several contracts withSedgwick “It’s going to be government for the next few years, I says Office This owner Max Cole. Some he says, aren’t able to abide by strict government space such as ensuringADA “They cross every ‘t’ and dot every ‘i’,” says CEO Michaep Monteferrante, whose firm recently won a bid for a 6,500-square-foot leasee with the at Northwest Centre. “They’rer competitive (bids).
They’re extremely thorough in the amoungt of detail and the actual complexity of the But government agencies usuallyare stable, larger tenants. “Once you get in with the they generally tend to come back to you for another Monteferrante says.

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