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Press Release 

Press Release: NAI Martens brokers 15-year lease agreement with Aldi

WICHITA, KS – January 31, 2018– NAI Martens announced Wednesday that it brokered a 15-year lease agreement between the owners of Sweetbriar Shopping Center and Aldi. John O’Rourke and Nathan Farha represented the Sweetbriar ownership in the transaction. Aldi is already a tenant in the center, located at 2263 N. Amidon Ave., but will now expand into an additional 5,224 square feet. The global discount supermarket chain will now occupy 19,867 square feet. This added space will allow Aldi to offer its newest store concept. “Everyone seems very happy with…

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Monday's With Martens Technology 

Monday’s with Martens 1.29.18

Previously, we shared some of the big picture drivers for CRE in 2018. In this, and future articles, we’ll look at trends specifically related to the primary market sectors. This week we’ll look at retail and the shopping experience. It has undergone massive changes over the past two decades, especially as e-commerce has won over consumers and smartphones have become the must-have accessory. These days, retailers work around the clock to navigate a digital world that continues to evolve at a dizzying pace, while tech-savvy consumers have increased their demands…

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Week in CRE 

This week in Wichita commercial real estate 1.26.18

Wichita Commercial Real Estate News This week’s top Wichita commercial real estate news Developer: Let’s spend $1 billion on Wichita’s downtown in next 10 years Downtown development advocates such as Jeff Fluhr have talked lately about Wichita being in the midst of a transformative moment…Wichita Business Journal Laham: ‘Several parties’ have shown interest in empty Gander Mountain space A Wichita developer says the time to “fix” the WaterWalk development is now…Wichita Business Journal   More Wichita Real Estate News New downtown brewpub/restaurant on track for spring opening  UPDATE: Fitness chain details plans…

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Local Development 

What’s coming in 2018: Business/Development Projects

In an earlier post, we looked at some of the major attractions and events coming to Wichita, Kansas in 2018.  In today’s post, we will look at some of the major commercial real estate development projects which will be completed or will get underway in 2018. West Bank of the Arkansas River In the past couple of years, at least $137.5 million in projects have been announced for the Delano area along the Arkansas River. As larger developments continue to expand closer to the edges of the city, such as…

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Industry News 

Fed Beige Book: Commercial Real Estate Activity Continues to Experience Slight Growth

Overall Economic Activity Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase. The outlook for 2018 remains optimistic for a majority of contacts across the country. Most Districts reported that non-auto retail sales expanded since the last report and that auto sales were mixed. Some retailers highlighted that holiday sales were higher than expected. Residential real estate activity remained constrained across the…

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Industry News Technology 

3 big changes expected in the retail 2018 landscape

Experts predict that next year, online retail sales will almost reach $3 trillion. Predictions for brick-and-mortar retail have been dwindling over the last decade but expect big changes to reverse that trend as well. What will the retail 2018 landscape look like? Here’s what you can expect. Expect More Direct Targeted Outreach to Customers The IoT and mobile technology will likely only get broader as we move through 2018. These technologies are going to make lead generation much easier for retailers; automating more big data analysis to improve warehousing and distribution…

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Week in CRE 

This week in Wichita commercial real estate 1.19.18

Wichita Commercial Real Estate News This week’s top Wichita commercial real estate news Hampton Inn Opens in NW Wichita An 88-room Hampton Inn is now open in northwest Wichita…Wichita Business Journal Fitness chain entering Wichita market Wichitans will have another health and fitness facility option with the addition of a new player in the market…Wichita Business Journal Garvey Center gets top branding with new sign For the first time, the Garvey Center is getting a sign atop the largest building in its five-building complex…Wichita Eagle City hopes developers have interest in old downtown firehouse…

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Did you know? Local Development 

Whats coming in 2018: Attractions and events

From March Madness to dinosaurs in Derby Wichitans have a lot to look forward to in 2018.  Here’s a look at some of the big events and attractions coming your way in 2018. NCAA Men’s Basketball Championships, First and Second Rounds For the first time, Intrust Bank Arena will be hosting first and second round games of the NCAA Men’s Basketball Championships. Games held in Tulsa brought an estimated $8 to $10 million to the local economy.   Head over to Intrust Bank Arena’s Website for more information. Field Station Dinosaurs, Derby Opening…

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Industry News Research 

Q4 2017 Transactions Report

The local real estate market is changing everyday, and we are pleased to present our Q4 2017 Transactions report to help keep you up-to-date on the latest sales and leases! Take a look at the report and then head over to our website to learn how your property could end up on this list! Q4 2017 Transactions Q4-2017 Transactions Report   About NAI Martens NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial…

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Week in CRE 

This week in commercial real estate 1.12.18

Wichita Commercial Real Estate News This week’s top Wichita commercial real estate news NAI Martens Patrick Ahern handles sale of former Red Cross Building Builders Inc. has purchased the former American Red Cross building at 1900 E. Douglas, but not for itself….Wichita Eagle King of Freight has ‘biggest accomplishment’ yet with major new downtown lease In August, King of Freight owner Mike Ricklefs told Have You Heard? he wants to hire 15 to 20 people every 15 days at his freight brokerage. It may be difficult to understand how the business, which Ricklefs started with a laptop in his apartment in 2008,…

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