Category Archives: Wichita Executive Centre

Tony Utter surprises fellow brokers as the Wichita Executive Centre’s new listing agent

Other brokers may question what he’s doing, but Tony Utter is confident in the future of the Wichita Executive Centre.

UPDATED — Some of Tony Utter’s fellow commercial brokers have had a recurring question for him since learning he’s taken over the listing for Real Development’s Wichita Executive Centre.

“Basically, was I out of my mind?”

Utter, who owns Utter Commercial Real Estate, acknowledges financial and other issues the Minnesota Guys and the building at 125 N. Market have faced in recent years.

“It’s been a topic of conversation quite a bit lately,” he says.

Calvin Klaassen, who works with Utter, will be helping him with the leasing.

“We did a lot of research before we agreed to it,” Utter says. “It was only after we were satisfied and reached … a high comfort level that we agreed to do this.”

Maintenance and other issues at the building aren’t all that had Utter concerned.

“We wanted to be very careful, very cautious before we agreed to take on a building of this size,” he says.

The 19-story, more than 300,000-square-foot building has about 80,000 vacant square feet of office space and about 100,000 vacant square feet of former hotel space. Utter says it’s the second-tallest office building in the state next to the neighboring Epic Center.

“This is the most complicated office building that I’ve ever been involved with,” Utter says. “It has a long history in Wichita.”

He’s had some history there already himself.

Utter was the leasing agent for the building for eight months before Real Development purchased it in 2007.

“So I’m back,” he says.

There are a few reasons Utter agreed to get involved.

No. 1, he is confident that his firm and any vendors will get paid.

“The good thing is that the lender is heavily involved,” Utter says of Security National Capital of Salt Lake City.

“We’re expecting a lot of assistance from other real estate brokers, and they want assurances that they’re going to be paid,” Utter says. “We depend heavily on working with other brokers. We consider them as part of our team.”

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Snap Fitness unexpectedly closed this weekend but will reopen soon, co-owner says

WICHITA — Though a lot of people look for any excuse they can to avoid working out, there were some frustrated Snap Fitness members who couldn’t use the 24-hour downtown fitness center this weekend.

The business, which is in the Wichita Executive Centre at 125 N. Market, unexpectedly closed Saturday.

“Basically, we’re in a disagreement with a couple of other owners,” co-owner Paul Johnson says.

Johnson won’t go into specifics, but he says he’ll share more information Tuesday.

“It’s all figured out,” Johnson says of some possible changes in ownership that are coming. “It’s just a matter of completing it.

“We should be back up and running shortly.”

A second Snap Fitness is still on target to open in December at 3300 N. Rock Road under different ownership.

William/Lawrence & Associates to move to the Market Centre

WICHITA — After more than two decades at the Wichita Executive Centre — under several names and building owners — William/Lawrence & Associates is moving to the nearby Market Centre at First and Market streets.

“They’ve really upgraded the building, and they’re really bending over backwards to make the tenants happy,” William/Lawrence CFO Pam Coons says of Market Centre owners Bob and Judy Abbey.

Adam Clements of Grubb & Ellis/Martens Commercial Group handled the deal.

William/Lawrence is a Wichita-based management consulting firm, which does recruiting, leadership awareness training and consulting.

It has clients in all but two states.

Coons and her husband, CEO Larry Coons, own the business, which opened downtown almost 30 years ago.

The company will open in the new space June 1.

Pam Coons says the office will have 4,000 square feet, which is about what it has now.

“It will be a great environment,” she says.