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Post-It: 3M Co. shifting operations to new locationPost-It: 3M Co. shifting operations to new locationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=169842017-07-05T05:00:00Z2017-07-05T20:45:00Z

​​Sticky note company sells campus and moves to new business park. AUSTIN – Minnesota-based 3M Co. has agreed to sell its 156-acre Northwest Austin campus and shift operations to a major office park rising on the northeast side of the city.

A local real estate investment firm has purchased the land located near RM 620 and RM 2222, which has been valued for tax purposes at more than $80 million.

The sale of the Northwest Austin campus, which has more than 1 million sf of office space, is expected to close in fourth quarter 2017.

The new "state-of-the-art" 272,000-sf building—called Parmer 3.3—will be home to 3M in the Parmer Business Park, east of I-35 and the Shops at Tech Ridge.

​Approximately 800 employees with 3M will move to the new building and construction is expected to begin later in 2017 and wrap up in April 2019.​​

Austin Business Journal
Austin-Round Rock
Office
http://www.bizjournals.com/austin/news/2017/06/28/austin-real-estate-investment-firm-buys-large-3m.html

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