“Building One symbolizes the beginning of what will be an innovation powerhouse in Newport News,” Newport News Mayor McKinley Price said in a statement. “New and emerging companies will thrive in an environment backed by the strength of Virginia Tech, Jefferson Lab and their network of entrepreneurial services.”
At 81,600 square feet, Building One is currently 94% leased. Tenants include:
According to Virginia Business, The Virginia Tech Corporate Research Center and Virginia Tech Outreach and International Affairs division will serve to promote collaboration with entrepreneurs, professional service providers, research and development firms and science and technology companies. It will also encourage economic development of new and expanding science and tech firms as well as supporting and complementing research-related activities at the adjacent Jefferson Lab, a U.S. Department of Energy Office of Science national laboratory.
The $450 million, 850,000-square-foot Tech Center Research Park is part of larger, mixed-use campus that will include Marketplace at Tech Center, a 250,000-square-foot project with retail and restaurants, and Venture Apartments Tech Center, a 300,000-square-foot multifamily residential community.