The company, which specializes in technology and communications, will relocate from the third floor of the plaza to the former Sears building at
Since then, the business had continued to do upfits to the old
The advantage of the new site, he said, is that "we own the space we are moving to."
Kent said the uncertainty of the plaza's future, coupled with the current business climate, played roles in the decision to make the move by
"We feel it is a smarter decision to move into our own space right now and stop all expansion plans until there is more certainty," Kent said.
When K3 first moved into the plaza, the company intended to buy the building, Kent said in an email.
"We have held meetings with city officials, engineers and brokers," he said. "The price from the last listing is double what is recorded as tax value, and the building is only about 70 percent complete, so there was a lot of upfit cost to bear after buying.
"Even once it is completed, it will not bring the price the ... Realtor listed it for. Not in today's market."
In April, the city was asking at least
Kent, who is in his mid-40s, served 20 years in the
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