Search
 

University Research Park Nears Full Capacity

CHARLOTTE-The 34-year-old, 3,200-acre public-private partnership project generates $12 million profit on a $51,000 investment for the University of North Carolina Charlotte campus

By Robert Anthony | Updated on July 31, 2000

A $51,000 seed money investment 34 years ago by Charlotte business leaders and the Charlotte Chamber of Commerce is paying off for the beneficiary, the University of North Carolina Charlotte campus. The park has generated $12 million for UNCC to date. The asset is almost totally built out.

Major new projects are Digital Optics Corp.’s planned 100,000-sf facility and Crescent Resources Inc.’s ongoing development on 163 acres. Private pension system giant TIAA-CREF plans to occupy a 460,000-sf operations/call center on 137 acres in first quarter 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.