Builders Inc. has purchased the Mark Arts building on East Central ahead of the organization’s eventual relocation.
The sale, terms of which were not disclosed, was finalized on Wednesday.
“It’s a good property in a great location,” says Mike Garvey, president of Builders Inc., of the 40,000-square-foot property at 9112 E. Central.
Garvey says Mark Arts, formerly the Wichita Center for the Arts, will continue to use the property until the organization moves to its new home near the southwest corner of 13th Street North and Rock Road in early 2018.
“That gives us some time to figure out what we are going to do with the property,” he says.
Tom Johnson, of NAI Martens, brokered the deal.
Katy Dorrah, executive director of Mark Arts, says the sale benefits the organization in multiple ways. Proceeds from the sale will be put toward the capital campaign for the new facility. Additionally, the organization won’t have to look for a temporary space and will be able to continue offering classes and programs without interruption.
“It is truly the best case scenario for Mark Arts,” Dorrah says.
Meanwhile, Mark Arts at the Mary R. Koch Arts Center will open in 2018, which will create what Dorrah describes as “an artistic oasis” in the Wichita community.
A money and land gift valued at $10.5 million from the Fred and Mary Koch Foundation and the Charles Koch Foundation helped launch the project.
Dorrah says the success of the campaign is a testament to the love for the arts many in Wichita share.
“We are doing exceptionally well with the capital campaign,” she says.
Josh Heck covers health care, professional services, education and energy.