Posted 2/25/2010 02:12 pm
Updated 1 year ago
Details are coming together that should launch construction of a $62.5 million office development in west Little Rock by mid-year.
Southwest Power Pool Inc., which oversees an electricity power grid in eight states, has plans for a 150,000-SF office building and a 33,000-SF operations center. The project would allow the not-for-profit corporation to consolidate its Little Rock operations and house an expanded staff envisioned to include 150 new workers during the next three years.
Gov. Mike Beebe and city and company officials are expected to announce the project at a news conference at 9 a.m. Friday.
Southwest Power Pool employs about 450 scattered around three locations in Pulaski County.
The new facility will allow a consolidation of two Little Rock offices, but the company's 20,000-SF operations center at 1300 Murphy Drive in Maumelle will remain in use as a backup.
The corporate headquarters occupies about 60,000 SF in the Plaza West Building at 415 N. McKinley St. in midtown Little Rock, and additional staffers work out of nearly 30,000 SF in the GMAC Center at 16101 La Grande Drive in west Little Rock.
Southwest Power Pool looked at more than 30 properties since the corporate campus plan took life 18 months ago, and the final details of an acquisition should be hammered out in the next few weeks.