935K-sf Austin industrial campus to become data center935K-sf Austin industrial campus to become data centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107362015-10-06T05:00:00Z2015-10-06T18:00:00Z

​​​​AUSTIN – Local developer International Development Management (IDM) has purchased the former Freescale Semiconductor Inc. campus at 3443 Ed Bluestein Blvd.

The sale of the 109-acre, 935,255-sf campus closed at the end of September. The sellers include a consortium of ​local investors that purchased the site in 2012 for an estimated $5 million. 

IDM will convert the aging industrial campus to a data center and value office space. The first phase, called MOS 8, will deliver in 2017.

MOS 8 will have eight buildings and parking garages. The primary target markets include government agencies and educational users.

IDM, backed by Canadian investor Romspen, is investing $100 million in the first phase. Other local team members include GSC Architects, Bury, White Construction, Digital 724 LLC, Paul Koehler Brown structural engineers, Dynamic Systems Inc. and Schmidt Electric. Global engineering firm WSP is also involved.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2015/10/austin-investor-acquires-massive-east-austin.html?ana=e_aus_bn_exclusive&u=yG2E0oPJdYiGi7lZ36mOd56qtUl&t=1444146039Read more at {Source}

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