Wichita Business Journal – by Chris Moon
Family Dollar is looking to open up for business at 13th Street North and Broadway.
Brad Saville and Nick Esterline, of Landmark Commercial Real Estate, are representing the Charlotte, N.C.-based discount chain as it tries to put together a deal on a vacant city-owned lot at 1402 N. Broadway.
The company is looking for an investment group to build and own an 8,000-square-foot building that it would like to lease at the site.
“We don’t know who the end owner is going to be at this point,” says Esterline, who says he’s put together similar deals for Family Dollar in the past in Kansas.
The brokers are seeking approval for the project from the Wichita Historic Preservation Board. They also plan to get the site approved by the Wichita Area Metropolitan Planning Department.
“We kind of would like to have everything put to bed so someone can come in and it would be ready to go,” Esterline says.
Family Dollar would sign up to a 10-year lease to operate the building that’s eventually constructed there.
The ground at 13th and Broadway is under contract by FD Development, an entity formed by Saville and Esterline. The site is on the northeast side of the intersection, just across the street from St. Paul’s United Methodist Church.