New Tenants Announced for the Bailey Power Plant

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Wexford Science & Technology and Wake Forest Innovation Quarter today announced tenants for the third, fourth and fifth floors of the redeveloped Bailey Power Plant beginning in January 2018.

CML Microsystems, a wireless semiconductor and flash memory controller manufacturing and distribution company, will relocate its U.S. headquarters from Corporate Square Drive in Winston-Salem to occupy 5,650 square feet of a total approximate 20,000 square feet of the third floor of the main building of Bailey Power Plant. Twelve employees will conduct product marketing, sales, distribution and technical support out of the new location.

“We are excited to be moving into the Innovation Quarter,” said Mark Gunyuzlu, president of CML Microsystems. “We have many capabilities in analog, mixed signal, DSP and microprocessor design, and we hope to leverage our technical depth and expertise to generate opportunities for collaboration with other companies there and so grow our presence.”

Several Wake Forest Baptist Medical Center entities will occupy the fourth and fifth floors. Wake Forest Innovations and Wake Forest Innovation Quarter will relocate approximately 40 employees in 13,460 square feet of the fifth floor.

Other Wake Forest Baptist entities to locate on the fourth floor and the remainder of the fifth floor will be announced at a later date.

Wake Forest Innovations is comprised of the Center for Technology Innovation & Commercialization, which collaborates with industry to accelerate the development and commercialization of inventions stemming from Wake Forest Baptist, and the Center for Industry Research Collaboration, which expedites industry collaboration with faculty and staff engaged in pre-clinical and clinical research.

Wake Forest Innovations personnel are currently located at multiple sites in Winston-Salem. The move to Bailey Power Plant will unite these teams under one roof and will free up space needed for the growing research activities of the Wake Forest School of Medicine.

Wake Forest Innovations will implement a “hybrid office” design in its new space, aimed to facilitate collaboration among teams. The new workspaces will feature open-concept workstations, small- and medium-sized “huddle” spaces, multi-use conference rooms and sound-dampening booths for private calls or focused work.

“The way people work and interact has changed rapidly over the past decade,” said Eric Tomlinson, chief innovation officer for Wake Forest Baptist Medical Center and president of Wake Forest Innovation Quarter. “This new work space in Bailey Power Plant will reflect our commitment to collaboration and become an incubator for understanding how teams can embrace open communication and work cooperatively.”

“The addition of these diverse and exciting groups to Bailey Power Plant continues the momentum that the Innovation Quarter has experienced over the last half-decade,” said Will Partin, senior director of development for Wexford Science & Technology. “Bailey Power Plant played an important role in the history of downtown Winston-Salem, and we are excited for it to continue helping energize the city for decades to come.”

New renderings released by Wexford Science & Technology reflect how the outdoor spaces around the main building of Bailey Power Plant will be revitalized.