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

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The VA recently launched a new low-vision intermediate level clinic at the that will move to the centere at Lincolnand Oliver. Its other eye-carde services will consolidate therseas well. “We, quite ran out of room to do that says VA facility plannerKen Allensworth. The VA in Wichita long has facefd limited space at the Dole campus at Kellogg and Oliverf and has been seeking to place some of its operationas in other space across The agency last year moved some of its administrative officesto Parklane, just a mile away. Its new leasde swells its total spac e thereto 18,000 squarew feet. The VA selected the cente r through competitivebid process.
“The vendor has just presentes ideal options for Allensworth says. The lease rate advertised at $8.50 per square foot — wasn’ty disclosed. The new eye care clinid will employ 15 to20 people. It will open in late July or earlyu August. The lease puts the 300,000-square-foot Parklane at 94 percenyt full in what has been a difficultyleasing market. “You really have to work at it,” says Dennis managing broker forBuilders Inc., whichh owns Parklane. “There are fewere lookers, and when they do actually come in and look at there seems to be more concessions lower rent.” But the center has scored well with governmen t agencies.
Parklane also is home to offices forSedgwick County. Government leasew have been a point of emphasis recently for otherdlocal landlords. , at 4031 E. Harry, recentlyh added the . The former Wichita Mall already has severalk contracts withSedgwick “It’s going to be government for the next few I think,” says Office This owner Max Cole. Some he says, aren’t able to abide by strict governmentspaces requirements, such as ensuring ADA accessibility. “Thehy cross every ‘t’ and dot everuy ‘i’,” says CEO Michael Monteferrante, whoss firm recently won a bid fora 6,500-square-fooft lease with the at Northwest Centre.
“They’r competitive (bids). They’re extremely thorough in the amountf of detail and the actuapl complexity ofthe lease.” But government agenciex usually are stable, large “Once you get in with the government, they generally tend to come back to you for anotherr opportunity,” Monteferrante says.