WireCo WorldGroup is using more than $8.6 million in incentives from Kansas to move its headquarters this summer from Kansas City to Prairie Village, the Kansas Department of Commerce said.
The company has been occupying part of the Ambassador Building at KCI, the former Farmland Industries building at 12200 N.W. Ambassador Drive. It has signed a lease for 48,000 square feet in a building at 2400 W. 75th St.
The move represents a tenant loss for the Kansas City Aviation Department, which bought the Ambassador Building in 2006. But the department earlier this month said National Beef Packing Co. has renewed its lease and will expand operations from 27,000 square feet to 42,000 square feet in the building, and Akal Security has opened a 5,200-square-foot office for the company’s hiring and management of professional security screeners.
The building is 70 percent leased.
WireCo is expected to employ about 185 people in Prairie Village. Because the jobs are moving across the state line, the company is eligible for Promoting Employment Across Kansas, or PEAK, incentives.
The WireCo move follows another relocation to Kansas of a KCI area tenant. Dairy Farmers of America recently announced plans to move its headquarters from 10220 N. Ambassador Drive to a new building in Wyandotte County near Village West.
Incentives tied to that move granted the dairy cooperative a 75 percent abatement of property taxes on the planned $30 million headquarters development for 10 years. The incentives include the reimbursement of $1 million in construction and related expenses.