Occidental Management breaks ground on office park in northeast Wichita
08/10/2012 5:00 AM
08/11/2012 7:28 AM
Officials from Occidental Management, which is building a class A commercial office park in northeast Wichita, said Friday that they have more than 50 percent of the first phase of the project pre-leased.
“There are business owners out there who want to expand, want to grow,” said Occidental president Chad Stafford at a groundbreaking ceremony for the Offices at Cranbrook, at East 21st Street and Cranbrook, east of Webb Road.
The groundbreaking was attended by nearly 40 people, including Mayor Carl Brewer and Sedgwick County Commissioner Dave Unruh.
The first phase of the project will comprise 24,000 square feet of office space, Stafford said. The development sits on a little more than eight acres, nearly three acres of which will be occupied by a lake, Stafford said.
The tenants who have signed leases are in the medical, financial and banking industries, Stafford said. He said he was not yet ready to name specific tenants.
“We’re also talking with some oil operators that need office space,” Stafford said in an interview after the groundbreaking.
The entire project is expected to comprise 60,000 square feet of office space in four to five buildings. The buildings will use a lot of stone, brick, glass and stucco in their construction. Construction will occur in two phases.
Stafford said he expects the first building in the development to be ready for occupancy by December or January.
Sauerwein Construction is the general contractor. Spangenberg Phillips Tice is the architect. Rose Hill Bank and Union State Bank are providing the financing.
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