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 this agreement,” O’Rourke said. “It was a convenient chance for Aldi to expand without moving locations.”
The owners of Sweetbriar have agreed to demolish the vacant retail space west of Aldi to make the building a free-standing location. This will give the ownership an approximately 2.5-acre site to allow for another use.
“Aldi now has plenty of space and its own building, and ownership has extra land they’d be willing to sell or build-to-suit,” said O’Rourke. “I think this is a great opportunity for all involved and the surrounding neighborhoods.”
Construction is expected to begin in February and be complete by August.
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 real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO Steve Martens, CCIM, CPM, SIOR and President Tom Johnson, CRE – two industry veterans with 80 years of combined commercial real estate experience. Commercial real estate services include brokerage, appraisal, property management, consulting, site selection, highest-and best use analysis and more.
To learn more, visit www.naimartens.com
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com