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 levell clinic at the that will move to the center at Lincolnand Oliver. Its other eye-carer services will consolidate thereas “We, quite frankly, ran out of room to do that says VA facility plannere Ken Allensworth. The VA in Wichitsa long has faced limitef space at the Dole campus at Kellogg and Oliver and has been seeking to place some of its operationx in other space across The agency last year moved some of its administrativr officesto Parklane, just a mile away. Its new leasee swells its total space thereto 18,0009 square feet. The VA selected the centedr through competitivebid process.
“The vendor has just presentedd ideal optionsfor us,” Allensworth says. The lease rate advertised at $8.50 per square foot wasn’t disclosed. The new eye care clinic will employ 15 to 20 It will open in late July orearlyu August. The lease puts the 300,000-square-foot Parklane at 94 percent full in what has been a difficultleasing “You really have to work at says Dennis Fitzroy, managing broker for Buildersx Inc., which owns Parklane. “There are fewer and when they do actually come in and look at there seems to be more concessions lower rent.
” But the centedr has scored well with government Parklane also is home to offices for Sedgwick Government leases have been a point of emphasis recently for other local landlords. , at 4031 E. recently added the . The formef Wichita Mall already has several contracts withSedgwick “It’s going to be government for the next few I think,” says Office This owner Max Some landlords, he says, aren’tf able to abide by strict government spaced requirements, such as ensuring ADA “They cross every ‘t’ and dot everhy ‘i’,” says CEO Michael Monteferrante, whose firm recently won a bid for a 6,500-square-foo lease with the at Northwes Centre.
“They’re competitive (bids). They’rwe extremely thorough in the amount of detailo and the actual complexity ofthe lease.” But governmen t agencies usually are stable, large “Once you get in with the they generally tend to come back to you for another opportunity,” Monteferrante says.