The NCUA has sold U.S. Central’s corporate headquarters in Lenexa, Kan.
Proceeds from the sale will be applied toward corporate stabilization costs, paid by federally insured credit unions through annual assessments.
Suzanne Dimmel, senior vice president and principal at commercial real estate firm Cassidy Turley, which represented the NCUA in the deal, said she was unable to disclose any particulars about the sale such as the sale price, because the two parties signed a confidentiality agreement.
According to online real estate listing providers, the property was taken off the market with a most recent asking price of $14.3 million, called a relative bargain compared to the cost to build an office building with similar amenities.
Washington-based commercial real estate data firm CoStar Group reported April 10 that Kiewit Power Constructors, located within the same corporate development at 9401 Renner Blvd., purchased the 129,321-square-foot building.
The company, which operates construction, mining and engineering businesses in three countries, operates a regional office at the location and is expected to take physical occupancy, according to CoStar.
Roxanne Henry, executive assistant at Kiewit Power Constructor’s Lenexa office, said the company would not comment on the purchase, but provided Credit Union Times with the CoStar report.
The four-story, Class A office building was built in 2002 and includes 582 parking spaces, Knoll Morrison workstations, office furniture and fixtures in place, and includes a cafeteria, multi-purpose room and fitness facility. U.S. Central was founded in 1974 and became the largest of the corporate credit unions, serving as the top tier of a three-level credit union system, before it was conserved by the NCUA in March 2009, became U.S. Central Bridge and then was formally closed last October.
The corporate headquarters facility was about 11 years old.