FEI Co. Acquires Tokyo Electron Property for $16.33M

HILLSBORO, OR-Tokyo Electron has sold its 27-acre former headquarters campus here to FEI Co. for $16.33 million, according to county records. The campus, located at 5350 NE Dawson Creek Dr., features two buildings; one with 68,000 sf for offices and one with 112,000 sf for R&D and manufacturing. It also features land that can hold another 110,000 sf of production/R&D space.

In a news release issued this morning, FEI says it will begin moving its operations, currently housed in 135,000-sf in five separate buildings throughout Hillsboro, to the new site later this year. Including planned tenant improvements, FEI says its total investment in the new location will be approximately $23 million.

FEI has been working up to the consolidation for three years now, says Integrated Commercial Real Estate Inc. president Mark Childs, who represented FEI in the transaction. As a result, Childs tells GlobeSt.com that four of the company’s five existing leaseholds will conveniently expire during the first quarter of next year. The fifth expires a year from now.