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Brokers, development officials tour Boeing Wichita facility

  • The Wichita Eagle
  • Published Thursday, Feb. 28, 2013, at 7:16 p.m.

About 40 commercial real estate brokers and economic development officials toured Boeing Wichita’s office buildings in a brokers’ open house Thursday.

“It is the start of the process to bring the property to market and find a good match for a buyer,” said Boeing spokeswoman Kathy Spicer.

The tour included three office buildings — known to Boeing as the 190Z, 200X and 205U buildings — at Boeing’s office complex at 47th Street South and Oliver.

The office buildings are being marketed first, because they will be available this year, said Boeing spokeswoman Michelle Nalley.

The hangars and the flight line on the east side of Oliver will be available by the end of 2014.

Boeing will sell or lease all or portions of the space, Nalley said.

“It doesn’t need to be one buyer,” she said.

The action comes as Boeing works to close its Wichita site.

Boeing announced in January 2012 that it planned to close its Wichita facilities and move work to Oklahoma City and San Antonio and to the Pacific Northwest.

The moves are being made in stages, and it will be next year before the site closes completely.

Thursday’s tour was informative, said Steve Martens, CEO of NAI Martens, who was part of the group. “It’s a benefit to us to have that kind of property available.”

The buildings will be an opportunity for businesses or for an investor to lease to tenants, he said.

The properties have been meticulously maintained and are in great condition, Martens said. “That’s a very pretty campus.”

Martens said he will work to identify potential buyers or users with an interest in the property.

“I left the meeting today with the belief that they would sell or lease any or all of the buildings,” Martens said.

Grant Tidemann with J.P. Weigand & Sons said the buildings are nice, but the location is difficult.

The market for office space in Wichita typically has been downtown or in the east part of the city.

Plus, “they’re awfully big buildings,” Tidemann said. “Finding someone who can use that much square footage in Wichita, Kansas, isn’t that easy to do.”

That doesn’t mean someone from outside couldn’t be recruited to the site.

But “my experience is that Wichita has a hard time drawing people from the outside into our marketplace,” Tidemann said.

The three-story 190Z building is 314,616 square feet of space with 1,200 parking spaces. It was built in 1989.

The two-story 200X building has 106,201 square feet, with 368 parking spaces. It was built in 1986. And the two-story 205U building has 204,620 square feet of space and 120 parking spaces.

The 85-acre office campus also has a lake.

Boeing will exit the hangars and flight line last as it moves work outside Wichita.

Boeing’s property on the east side of Oliver, with its hangars and flight line, share a runway with McConnell Air Force Base. Boeing has a memo of understanding with the base for the runway.

A buyer who needed the runway would need to sign an agreement with the Air Force, Nalley said.

CBRE Group in Kansas City is the listing agent on the property.

Reach Molly McMillin at 316-269-6708 or mmcmillin@wichitaeagle.com.

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