A community college owned 57 acres of land adjacent to its campus, which it intended to develop into a technology park to partner business resources from occupants and educational resources from the college, thereby serving as an economic development engine for its surrounding community.
Allegro conducted a strategic real estate plan which included the following components:
More recently, the college engaged Allegro to review its planning efforts, evaluate its progress, and develop an economic development based strategy to market the technology park and facilitate transactions. Four corporate headquarters facilities have been constructed since the original study and a fifth facility broke ground in 2005. Allegro assisted the college with marketing the balance of the park and working with economic development teammates to create critical business and education partnerships.
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