Universal Technical Institute finalizes building acquisition

Universal Technical Institute completed the purchase of a building in Irwin, Texas to accommodate the company’s new Dallas/Fort Worth campus designed predominately for local students, according to a company press release.

The campus is expected to open in the summer of 2010. The cost of the building was $9.1 million and will be about 95,000 square feet. The campus will accommodate roughly 750 students.

“Dallas/Fort Worth is one of the top five U.S. metro markets with favorable student demographics, population growth and technician demand,” Kimberly McWaters, president and CEO of UTI, said in the release. “Adding the Dallas/Fort Worth campus to the UTI network of campuses is part of our broader business strategy of making a UTI education more accessible to students. We believe this campus will provide a more convenient educational experience and help lower the overall education cost to students in the Dallas/Fort Worth metropolitan area.”

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