KPA has contract to sell building

The Kansas Press Association has signed a contract to sell the KPA building in Topeka to Sunflower Association of Realtors, the local association that represents residential real estate salespeople in the Capital City.

As part of the agreement, the KPA staff will remain in the current location for at least the next year as the association searches for a new location, possibly one closer to the downtown area and the Kansas Statehouse.

“We decided to sell because we have a beautiful building that was not being used to its full potential,” said Emily Bradbury, KPA executive director. “This will also provide financial relief to the organization. The commercial real estate market both for rental and for purchase in Topeka is very soft so while the process took almost a year, we are happy to be moving forward.

“We will be in the basement for one year, rent-free with an option to remain at the current building after the sale for a negotiated cost. In the meantime, remaining here will allow us to determine what space we really need and either look for other space or remain at 5423 SW 7th St.”

The purchaser has requested a 120-day due diligence period before the sale becomes complete.