Academic Privatization,LLC

Projects

FSU Research Center
Frostburg State University, Frostburg MD

 

 

 

Comments

Academic Privatization completed the first privately owned and conventionally financed complex on the FSU campus. The Public-private partnership involves a collaborative venture between Frostburg State University, Allegany County, Maryland Department of Economic Development (DBED), and the Federal Government. The project is constructed on subleased land owned by the University and leased through Allegany County. Collaborative agreements are required between each tenant and the University and provide extraordinary benefits to all.

This project was a fast track development which required a $2.5 million grant Allegany County and DBED. The project is 95% leased. Consequently, Academic Privatization of Maryland, LLC and Carl Belt, Inc. syndicated, financed and developed the project including design, leasing, grouting of the subsurface coal mines and installation of the geothermal system in 12 months.

 

Project Description

Location: Frostburg State University, Frostburg, MD
Name: FSU Research Center
Developer: Academic Privatization of Maryland, LLC
Owner: Allegany Research Properties, LLC
Contractor: Carl Belt, Inc.
Tenants: Active Network, Inc.
Small Business Development Corporation
Tri-County Commission of Western Maryland
United States Geological Service
Gross SQ. FT: 56,800 sq. ft.  Expandable to 110,000 sq. ft.
Completed: August, 2008
Use: Data Center, Laboratories & Offices
Amenities:
There is controlled access to the building, video camera security, a fire sprinkler system, three separate fiber services, Incubator Suites, 1,200 sf server room with raised flooring, emergency generator and 5,800 sf of common amenities with a reception center, hotel style lobby, business center, executive conference rooms, catering kitchen, executive dining area, and a 74 seat dining and a multi-purpose room. Each suite has separately metered utilities. Suites in the one story wing have private entrances and a common loading facility. The building is heated with a geothermal system and zoned by water-to-air heat pumps. Also provided are 425 parking spaces.

 

 

2005 Academic Privatization, LLC