Credit union association purchases northwest Wichita building
06/02/2014 10:07 AM
08/08/2014 4:28 PM
Marla Marsh will be overseeing the third move of the Kansas Credit Union Association in her 17-year tenure as its president and chief executive.
On Monday, KCUA announced it purchased a 5,200-square-foot building at 2544 N. Maize Court, Suite 100, in the Chadsworth Office Park.
“We thought about leasing, but this opportunity presented itself, and I think it will be a great move for us,” Marsh said.
KCUA, the professional association and lobbying organization for Kansas chartered credit unions, is currently operating from 6,500 square feet of leased space at 2872 N. Ridge Road.
Marsh said the organization has shrunk its office space in Wichita – a move made because it purchased a 2,000-square-foot building in Topeka that houses its governmental affairs, compliance, regulatory affairs and consulting services.
“An overall facilities plan that we did a year and a half ago identified that we (should) have a bigger presence, identity in Topeka,” she said. “With the purchase of that location, we were able to downsize our operations here.”
KCUA has five employees in Topeka and 16 in Wichita. Marsh said she spends time in both locations.
She said the organization will occupy 3,200 square feet of the North Maize building when it moves there in September. The remaining space is being leased by Bank of the West.
“We will be remodeling the suite,” Marsh said.
WDM Architects is designing the remodel. Selection of a general contractor is pending, she said.
This will be the organization’s third move in Wichita since Marsh joined KCUA in 1996. In 2000 KCUA moved from its building next to Mid American Credit Union at 8404 W. Kellogg to make way for the construction of a new Mid American building. And in 2011 it moved from a building it owned at 650 S. Westdale to its leased space on North Ridge after it sold the building to Credit Union of America, which bought the building for its offices.
Marlin Penner of J.T. Arnold Associates represented KCUA, and Bree Kelley of J.P. Weigand & Sons represented the seller in the transaction, details of which were not disclosed.
According to a listing on commercial real estate website LoopNet, the KCUA’s new building had an asking price of $772,000.