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Temple's EDC Buys Texas Instrument's 505-Acre Site

TEMPLE, TX-Economic development leaders say the plan at hand is to craft a biotech park from 505 acres and a 498,000-sf industrial/office building that once housed a manufacturing operation for computer printers.

By Tim Green | Updated on March 21, 2002

TEMPLE, TX-The Temple Economic Development Corp. has taken a 505-acre site off the hands of Texas Instruments Inc., with plans to develop a biotechnology business park.

The development corporation, a nonprofit funded by the city of Temple and the Temple Reinvestment Zone, declined to say what it paid for the property, which includes a 498,000-sf industrial/office building. “It was the kind of deal we couldn’t refuse,” Larry Ruggiano, Temple’s EDC executive director, tells GlobeSt.com. “We bought it very, very right.”

The sale closes TI’s books on the property where it operated a plant that made computer printers. The Dallas-based company closed the site some years ago as it exited several lines of business to concentrate on computer chips. The property had been for sale for about 3 1/2 years ago, according to J. Holmes Davis IV, the senior vice president of Binswanger/CBB who represented the company. Binswanger, based in Philadelphia, took the listing over about 1 1/2 years ago.

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