Dec
05

Boeing to Buy SCRA Applied Research Center

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The Boeing Co. is purchasing the SCRA Applied Research Center, further cementing the aerospace giant’s operations in North Charleston.

Boeing and SCRA both expect the deal to close Dec. 13. Details about the price for the 178,000-square-foot complex were not released, though spokeswomen for both companies said the price reflects fair market value. The complex appraised for $25 million in 2010. It sits adjacent to Boeing’s North Charleston campus, where the company assembles and delivers 787 Dreamliners.

“We don’t have any specific plans right now, but really one of the reasons we did this is to protect for future growth plans,” said Candy Eslinger, a spokeswoman for Boeing. “It just made sense for that particular area. It’s right outside our gate. We kind of encircle that property anyway.”

Now, the complex houses offices for SCRA, the Charleston Regional Development Alliance, the Lowcountry Graduate Center, Boeing and others. SCRA uses its offices for its applied research and commercialization operations.

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