EPRI Purchases Charlotte Property to expand research operations.October 10, 2011 -
Electric Power Research Institute (EPRI) purchased 108,000 ft² of office and lab space on 24 acres adjacent to its research facility at University Research Park in Charlotte, NC. Purchased from Paragon Media LLC, EPRI plans to expand its laboratory space by 15,000 ft² as well as provide space for local workforce growth over next 5 years. In addition to laboratories, new acquisition will provide conference and meeting space to support collaborative research and development programs.
EPRI Purchases Property in Charlotte to Expand Research Operations |
EPRI
3412 Hillview Ave.
Palo Alto, CA, 94304
USA
Press release date: October 3, 2011
PALO ALTO, Calif. - The Electric Power Research Institute (EPRI) has purchased 108,000 square feet of office and lab space on 24 acres adjacent to its research facility at University Research Park in Charlotte, N.C. With this addition, EPRI will own 258,000 square feet of office and research facilities on 45 acres.
EPRI purchased the facility from Paragon Media LLC, with plans to expand its laboratory space by 15,000 square feet and provide space for local workforce growth over the next five years.
In addition to laboratories, the newly acquired building will also provide conference and meeting space to support EPRI's collaborative research and development programs.
EPRI employs a diverse workforce of professionals on its University Research Park campus who conduct and manage comprehensive research and development programs in electric transmission, nuclear and fossil power generation.
EPRI has operated its research and testing facility in University Research Park since 1980. The Palo Alto-based institute also operates laboratory facilities in Knoxville, Tenn., where it conducts research on power delivery and end-use technologies, and in Lenox, Mass., where research at its high-voltage lab focuses on power transmission technology and systems.
About EPRI The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI's members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.
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