Development agency buys offices in NorthGate Business Park
The West Virginia Economic Development Authority has purchased additional office space in NorthGate Business Park.
David Warner, the authority's executive director, said the organization paid $1.3 million for 8,000 square feet of space that was previously occupied by the West Virginia Water Development Authority. The price included the furniture and fixtures, which were appraised at $30,000.
The newly acquired space is across a hallway from the economic development authority's existing office. Warner said the newly acquired space is larger and is equipped with technology that will make it more convenient for hosting clients and business prospects.
Warner said he hopes the economic development authority moves into the new space by April 1. He said it will then seek to sell or lease its current office space. In 2002 the authority paid Corotoman Inc. $792,000 for its current office, comprised of 5,844 square feet of space.