The University of Oregon Foundation has acquired a 60,000-square-foot building in the Riverfront Research Park that will further bolster research partnerships between the university and the private sector.

Foundation President/CEO Paul Weinhold announced the purchase of the building at 1600 Millrace Drive from GreenHornet Space Agency, LLC for $8.95 million. The building stands at the entrance to Riverfront Research Park, which is owned by the Oregon University System. The research park is a cooperative effort between private developers and the UO, and currently houses university departments, tenant companies and organizations.

The park is designed to provide opportunities for research interaction between the university and business, and President Michael Gottfredson applauded the foundation’s innovative approach to supporting the UO mission.

“This purchase will save money and provide more flexibility, which directly supports our mission of serving students and providing the highest quality education,” Gottfredson said. “The university is very fortunate that the University of Oregon Foundation is such an excellent steward of our donors’ contributions. I appreciate that they continue to find smart, creative ways to invest in higher education.”

―By Tobin J. Klinger, Senior Director of Public Affairs Communications