UD buys former NCR headquarters
Wednesday, December 23, 2009
DAYTON DEANERY — The University of Dayton has purchased 115 acres, including NCR Corporation’s former world headquarters and Old River Park, for $18 million from the global technology company, University of Dayton President Daniel J. Curran announced Dec. 21.
The university will move its expanding research institute into the building at 1700 S. Patterson Blvd., providing a signature facility for its research arm. UDRI conducts nearly $100 million annually in sponsored research and just received its largest contract in history — $49.5 million to develop advanced jet fuels and combustion technologies for the Air Force.
|The University of Dayton announced Dec. 21 that it was buying the former NCR corporate headquarters. (CT/E.L. Hubbard)|
The 455,000-square-foot, five-story building along the Great Miami River also will provide a home for a proposed Alumni Center, as well as for graduate classes, executive development programs and conferences. One of the largest office buildings in the region, the furnished facility includes offices, classrooms, an auditorium, a dining facility and a 1,600-space parking lot.
“This is an exceptional opportunity for the University of Dayton to invest in our future — and this region’s destiny,” Curran said. “It’s a real statement about the forward-thinking nature of the University of Dayton.”
UD’s Research Institute has added 35 employees over the past year and has been constrained by space for several years. Approximately 260 researchers, support personnel and students are expected to move out of Kettering Laboratories, Caldwell Street Center and other campus locations and into the building over the next three years.
The university is ranked as a national research university. Sponsored research has nearly tripled in the past decade, rising from $37.1 million to $96.5 million.
NCR will lease its former headquarters through part of 2010. It will continue to own and maintain a data center located near the former headquarters building.
With the new purchase, the University of Dayton’s campus now spans 373 acres.