Monday, August 24, 2015
Texas Instruments to sell its Spring Creek campus in Plano
Texas Instruments reportedly plans to sell its 84-acre Spring Creek campus in East Plano to better fit the company's strategy of providing more collaborative space for its employees.
If this happens, it would relocate about 780 employees to its other three campuses in Dallas and Richardson, according to the Dallas Morning News.
The Dallas-based chip maker owns the 936,311-square-foot office campus at 6550 Chase Oaks Blvd. in Plano, which last was valued at $55 million, according to a spokeswoman.
The 1985-era property could serve as a massive redevelopment opportunity for a developer or company looking to relocate to North Texas.
It would also put a big chunk of office real estate on the market during a hot real estate cycle, in which Plano seems to be winning a lot of business.
In the past two years, Plano has brought in deals ranging from Toyota North America's new headquarters campus to Liberty Mutual Insurance's new regional hub to the new headquarters for FedEx Office.
Candace Carlisle/Dallas Business Journal