MSU: Cochran park Phase II

Mississippi State University will have a new downtown presence in Starkville after its affiliate Research and Technology Corporation (R&TC) closed on a deal to buy the Cadence Bank branch. MSU’s Research and Technology Corp. purchased the bank branch at an undisclosed price. The 39,000 sf property is to be used to expand the Thad Cochran Research and Technology Park. "This is essentially Phase II of the Cochran Research Park," said MSU spokesperson Sid Salter. Some renovation work will be needed, and MSU estimates that it could take about two years, but Salter said some new tenants will start moving into the facility before that timeframe. He wasn’t ready to announce any potential tenants on May 15. The R&TC has a non-disclosure agreement with Cadence that prevents the university from disclosing the property's purchase price. The Dispatch reported in December that the building was listed for sale for $2.5 million. (Source: Columbus Dispatch 05/16/19)