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Multiple Buyers Eyeing TI's 18-Acre Chip Plant

SANTA CRUZ, CA-A source at Texas Instruments says he expects the property to realize a competitive rate for the 242,000-sf building. The value of a semiconductor manufacturing plant is approximately $300/sf, according to area real estate brokerage firms.

By Christina Chanes Nystrom | Updated on March 30, 2001

SANTA CRUZ, CA-Texas Instruments Inc. of Dallas says it is entertaining multiple potential buyers for Santa Cruz semiconductor manufacturing plant. The sale includes buildings totaling more than 242,000 sf and 18 acres of land.

“The property is not being sold as a typical real estate deal,” TI’s Matt McKinney tells GlobeSt. “It will be a negotiated deal and we are hoping that the new owner will use it to its fullest capacity as it is a tenant specific facility.”

McKinney says the company will market the sale itself and that the equipment is also negotiable contingent upon the needs of the buyer. “We hope the buyer will purchase the property as an operating fabrication facility,” says McKinney, “and in doing so, may have need or use for some of the equipment in it.”

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