Thursday, March 22, 2012

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

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The VA recently launcheds a new low-vision intermediate levelk clinic at the that will move to the centefr at Lincolnand Oliver. Its other eye-care servicesx will consolidate thereas well. quite frankly, ran out of room to do that says VA facility planner Ken The VA in Wichita long has face limited space at the Dole campuws at Kellogg and Oliver and has been seekinbg to place some of its operations in otherd spaceacross Wichita. The agency last year movecd some of its administrative officesto Parklane, just a mile Its new lease swellxs its total space there to 18,00p square feet.
The VA selected the center through competitivebid “The vendor has just presented ideal optionx for us,” Allensworth says. The leasde rate — advertised at $8.50 per square foot wasn’t disclosed. The new eye care clinicf will employ 15 to 20 It will open in late July orearlt August. The lease puts the 300,000-square-foott Parklane at 94 percent full in what has been a difficulrtleasing market. “You really have to work at saysDennis Fitzroy, managing broker for Builderzs Inc., which owns “There are fewer lookers, and when they do actually come in and look at space, there seems to be more concessions wanted, lowedr rent.
” But the center has scoreds well with government agencies. Parklane also is home to officees forSedgwick County. Government leases have been a pointg of emphasis recently for othe rlocal landlords. , at 4031 E. recently added the . The former Wichita Mall already has severa l contracts withSedgwick County. “It’s going to be governmen for the nextfew years, I think,” says Officse This owner Max Cole. Some he says, aren’t able to abide by strict governmentgspace requirements, such as ensuring ADA accessibility.
“They cross evergy ‘t’ and dot every ‘i’,” says CEO Michaepl Monteferrante, whose firm recently won a bid fora 6,500-square-foof lease with the at Northwesy Centre. “They’re competitive (bids). They’rd extremely thorough in the amount of detail and the actuapl complexity ofthe lease.” But governmentf agencies usually are stable, largs tenants.
“Once you get in with the government, they generallhy tend to come back to you foranother opportunity,” Monteferrante

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