#United States #Wichita #IRG #Wichita Business Park #PREP

Transformation of Towne West Square in Wichita

Industrial Realty Group, LLC (IRG) and Provider Real Estate Partners, LLC (PREP) have joined forces to revitalize the former Towne West Square Mall in Wichita, Kansas, transforming it into a state-of-the-art business park. This strategic redevelopment will occupy 650,000 square feet of space across 60 acres and marks a significant shift in the area’s commercial landscape.

New Beginnings for a Historic Location

As the news of the redevelopment breaks, Mayor Lily Wu of Wichita expressed her enthusiasm, stating, "The City of Wichita is thrilled to have new ownership of this property and is excited about the redevelopment plan proposed by IRG and PREP." This project embodies a fresh vision for the property, which has long been a fixture in the community but faced diminishing returns lately.

The redevelopment will focus on converting unused mall and department store spaces into a multi-tenant campus. This approach not only repurposes existing structures effectively but also meets the increasing demand for modern workplaces. The revitalized Wichita Business Park will offer various facilities, including office spaces, light industrial units, advanced manufacturing areas, and research and development hubs, all tailored to meet the needs of today’s businesses.

A Future-Ready Business Hub

"The decision to convert the former mall into a business park is a response to the demand for adaptable spaces where businesses can thrive," said Dalton Glasscock, District 4 Councilman for Wichita. With its strategic location near Dwight D. Eisenhower National Airport, the project's design emphasizes sustainable infrastructure and accessibility to major transportation routes. This thoughtful planning is expected to position the new park as an economic center for the region.

IRG’s Executive Vice President, Peter Goffstein, remarked, "We are confident in Wichita Business Park's success because it has all of the right components coming together. From the market dynamics to its great location, this project presents a prime opportunity to fill a pressing need in the Wichita community.” The diverse range of potential future tenants is expected to catalyze ancillary developments, such as retail, restaurants, and other service-oriented businesses surrounding the park.

Government and Community Support

The commitment from local government is evidenced by the recent zoning overlay approval from Wichita's Planning Commission and City Council, designed to expedite the redevelopment efforts. Construction is set to commence this summer, with the launch of the first tenants projected for the first quarter of 2026.

As the city anticipates a significant employment boost, Chris Salata, a partner at PREP, stated, "Wichita Business Park will serve as a catalyst for future economic growth in the greater Wichita market. We expect this project to attract future investment and support job creation in and around southwest Wichita."

Government officials, along with IRG and PREP, have laid out a clear plan that considers community input and the changing business landscape, ensuring a solid alignment with the needs of both local residents and prospective companies.

Contact for Opportunities

Businesses interested in exploring opportunities at the Wichita Business Park can reach out directly to Grant Glasgow at NAI Martens. This new chapter in Wichita's commercial real estate narrative promises to reshape the local economy for years to come.

As IRG continues to lead the charge in adaptive reuse of commercial properties across the United States, the transformation of Towne West Square Mall into a thriving business park exemplifies their strategy of addressing real estate challenges while fostering community growth. For more information about the upcoming changes and opportunities at the Wichita Business Park, explore IRG’s extensive portfolio at www.industrialrealtygroup.com and PREP’s developments at www.prepfunds.net.