Chase Koch buys almost 70 acres near 21st and Greenwich, most likely for his new residence

WICHITA — When a business person buys a new house, it’s generally not news for the business pages.

Then again, when someone buys a major amount of land in a growing commercial area, it tends to pique the interest of business people — especially if that someone is a fellow business person with the last name “Koch.”

Chase Koch, who works at his family’s Koch Industries, has purchased almost 70 acres near 21st and Greenwich from Bruce and Sharon Brown.

Bruce Brown confirms the purchase, though he won’t discuss the details.

The Browns moved elsewhere in Wichita.

Koch bought their property for $3,065,000.

The land is just south of Don Slawson’s approximately 65-acre Cross Pointe commercial development, which is at the southeast corner of 21st and Greenwich. It’s across Greenwich from Slawson’s approximately 160-acre Oak Creek residential development.

Part of what makes this deal interesting is that the almost 70 acres Koch bought will remain residential.

The newly married Koch didn’t return calls for comment, but it looks like he plans to live in the house on the property.