AUSTIN - Spear Street Capital has concluded its purchase of Advanced Micro Devices’ (AMD) Lone Star Campus. The seller generated $164 million or $189 per sf in the all-cash deal. The campus has five office buildings on 59 acres located at 7171 Southwest Pkwy.
AMD subsequently inked a 12-year sublease with an affiliate of HPI Real Estate Services and Investments for the 865,832-sf complex.
The structures in the portfolio delivered in 2006, range in size from two to four stories and consist of 90,912 to 226,935 sf of office space each. The complex is LEED Gold certified.
Read more at CoStar Group.
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