Chamber building autumn

Sprint announces ageement for sale of campus to Occidental Management

Published Tuesday, March 5, 2019

On March 1, 2019, Sprint Corp., announced an agreement to sell its Overland Park headquarters campus to Occidental Management, Inc., a Wichita commercial real estate development company that operates in a variety of segments including retail, office and industrial development. The sale is expected to close in the coming months.
Sprint plans to consolidate from its current 11 buildings to four buildings - 6360, 6200, 6160 and 6220 - on the south side of the campus. The company will create "a new heart of the campus" centered on the 6200 Sprint Parkway building. Renovations of the main building are underway and expected to be completed this summer.
“Even though we will no longer own the buildings, our campus operations and processes will continue to function as they do today,” said Sprint CEO Michel Combes. “Proceeds from the sale will allow us to invest in creating an atmosphere that fits our changing culture. Our partners deserve work spaces that are welcoming and comfortable, where collaboration and great work can take place.”
Occidental entered the Kansas City market in 2014 with its $20.6 million purchase of the former Overland Park International Trade Center, which neighbors the Sprint campus. It redeveloped the 650,000-square-foot property and reopened it as the Overland Park Xchange (OPx) offices.
“Aside from meeting Sprint’s needs and price, Occidental Management stood out to us because they share our vision of a vibrant, high-energy campus, plus an innovation hub to attract startups and attract and retain top talent for world class companies like ours,” Combes explained. “They intend to continue and expand upon the campus activities and amenities we enjoy today, showing a real commitment to our culture and partners.”
“The Sprint campus  is a tremendous asset for our region,” said Tracey Osborne Oltjen, President & CEO of the Overland Park Chamber of Commerce. “Occidental’s transformation of OPx is a promise of exciting things to come. Their redevelopments in Overland Park and Wichita exhibit their creative use of existing resources along with the addition of amenities desired by today’s workforce.”
In announcing the sale, Combes emphasized to Sprint employees, "WE are Sprint, not the buildings where we work. Sprint’s headquarters remains firmly planted in Overland Park, whether we own the buildings or not. And, if the merger is approved, the new T-Mobile is demonstrating its commitment to make the Sprint campus a second headquarters. In addition to a new Customer Experience Center, a variety of business support functions and teams will be located here.”

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