NXP Semiconductors NV has put its 155-acre Oak Hill campus, the company’s long-time U.S. headquarters, on the market. The 1.5-million-square-foot facility sits at 6501 William Cannon Blvd in Austin.
Campus Details
The 1.5-million-square-foot campus has been used for office, research and development, and manufacturing. It houses the company’s U.S. headquarters.
History and Production
Built in 1984 for Freescale Semiconductor, the campus was acquired by NXP in 2015. It produces chips used in cars, mobile phones, communications infrastructure, and other products.
Sale Process and Valuation
CBRE Inc. has been hired to list the property. The campus was last appraised at $43 million by the Travis Central Appraisal District.
Key Takeaways
- NXP is selling its 155-acre Oak Hill campus, the long-time U.S. headquarters.
- The 1.5-million-square-foot facility is located at 6501 William Cannon Blvd.
- The property was appraised at $43 million.
The sale marks a significant shift for NXP as it seeks new office space in the area.
