Penn State will pay $11.5 million for an office building on Science Park Road to put most of the university’s information technology staff under one roof.
The 108,000-square-foot, three-story building at 300 Science Park Road in Ferguson Township is the former Raytheon Building No. 7.
The purchase was approved last week by the university’s board of trustees during its meeting at the branch campus near Uniontown, Fayette County. The seller is Inland Western State College Science Park DST, a Delaware statutory trust, and the deal is contingent on the property being in acceptable condition.
Penn State will use two floors of the building to house several hundred information technology staffers who are spread through campus and in leased space in State College. That will allow the university to reduce lease costs, said Daniel Sieminski, the associate vice president for finance and business.
University spokeswoman Laura Waldhier said office spaces will be incorporated into the building for college, campus and department-level IT staff so they can work together.
The third floor of the building will house employees working on the IT project called “LionPATH,” which is the replacement of the more than 30-year-old universitywide student records database.
The proposed purchase will result in the loss of a combined $201,000 in tax revenues to local governments, according to 2013 tax estimates. Penn State is not assessed property taxes on properties it owns, but the university makes payments to municipalities and the school district, spokeswoman Lisa Powers said. The specific amounts were not immediately available.
The State College Area School District will lose more than $159,000. The county will lose almost $32,000, and Ferguson Township will lose almost $10,000.
The building sits on 8.54 acres of property and has 415 parking spaces.