Kennesaw State University (KSU) needed more classroom space. With a growing Executive MBA program and increasing enrollment in continuing education courses, KSU’s facilities were rapidly approaching capacity.
A private development firm introduced KSU to TUFF. The firm felt that TUFF’s unique model – a combination of below-market financing and a commitment to education – might be a good fit for KSU’s vision.
They were right. After several in-depth conversations about the university’s goals, KSU asked TUFF to redevelop an underutilized mall into a new classroom, conference, and administrative facility.
TUFF invested in the redevelopment effort – and in KSU’s vision.
Providing access to $18 million in below-market financing, TUFF redeveloped the 166,000 square foot site into a dynamic, built-to-suit facility for KSU students, conference attendees, and faculty. Ultimately, the Continuing Education Center allowed the university to accommodate the growth it knew was coming.
Thanks to practical renovations specified by the TUFF plan, KSU gained considerable classroom and conference center space. The mall redevelopment has been instrumental in the expansion of KSU’s graduate and continuing education programs.
In 2004, the KSU Foundation purchased the Continuing Education Center from TUFF at a contractually specified price.
- 166,000 square feet
- Classroom, administrative, and conference space
- Redevelopment of existing site