Best in Texas™: Is Austin Buying Tokyo Electron Campus by ALEX Real Estate

by swpre-chime-me

ALEX Studios just analyzed and summarized CRE‘s report: “Austin May Buy Vacant Tech Campus.” The proposed acquisition presents an opportunity for the City of Austin to strategically expand its infrastructure and fulfill future needs.

Overview
- The City of Austin contemplates a $90 million acquisition of the Tokyo Electron campus spanning 107 acres.
Campus Details
- Existing Facilities: Two buildings, totaling 189,795 square feet, slated for repurposing.
- Development Potential: 46.8 acres with built infrastructure and 60.3 acres of undeveloped land.
- Strategic Location: Adjacent to Oracle Corp. headquarters and University of Texas’ former semiconductor factory.
Utilization Plan
- Second Combined Technology and Emergency Communications Center.
- Office space for future city requirements.
Estimation
- Initial $90 million valuation subject to appraisal completion.
Appraisal
- Pending completion to ascertain the fair market value of the property.

Reason for Move
- Strategic relocation to RiverSouth for a modern working environment and 30-year strategic positioning.
Local Impact
- Tokyo Electron’s presence in Austin for three decades with approximately 450 employees.

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Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate

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