Sunday, April 10, 2011

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

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The VA recently launched a new low-vision intermediatw level clinic at the that will move to the center at Lincolnand Oliver. Its othe eye-care services will consolidate thereas well. quite frankly, ran out of room to do that says VA facility plannerKen Allensworth. The VA in Wichitaw long has faced limited space at the Dole campusd at Kellogg and Olivert and has been seeking to place some of its operations in othedr spaceacross Wichita. The agency last year movedx some of its administrative officesto Parklane, just a mile Its new lease swellsa its total space there to 18,000 square The VA selected the center through competitive bid process.
“The vendord has just presented ideapl optionsfor us,” Allensworthj says. The lease rate advertised at $8.50 per square foot — wasn’t The new eye care clinic will employu 15 to20 people. It will open in late July or earlh August. The lease puts the 300,000-square-foot Parklane at 94 percent full in what has been a difficultyleasing market. “You reallu have to work at saysDennis Fitzroy, managing broker for Builders Inc., whicjh owns Parklane. “There are feweer lookers, and when they do actually come in and look at there seems to be moreconcessions wanted, lowerr rent.” But the center has scored well with governmen t agencies.
Parklane also is home to offices forSedgwick County. Government leases have been a point of emphasi s recently for otherlocal , at 4031 E. Harry, recentlgy added the . The former Wichita Mall alread y has several contracts withSedgwico County. “It’s going to be governmeng for the nextfew years, I think,” says Offices This owner Max Cole. Some he says, aren’t able to abide by strict governmenftspace requirements, such as ensuring ADA accessibility. “Theyt cross every ‘t’ and dot every ‘i’,” says CEO Michael whose firm recently won a bid fora 6,500-square-foof lease with the at Northwesrt Centre.
“They’re competitive (bids). They’re extremely thorough in the amounty of detail and the actual complexity ofthe lease.” But governmengt agencies usually are stable, larg e tenants. “Once you get in with the government, they generallyu tend to come back to you foranotherd opportunity,” Monteferrante says.

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