Agere has been trying to sell the 17-year-old, 1.1 million-sf property on Orlando's south John Young Parkway since January. The company isn't disclosing an initial asking price.
But area industrial real estate brokers familiar with high-tech properties tell GlobeSt.com on condition of anonymity the building itself will probably be valued at $500 per sf or at least $550 million.
The specialized equipment inside the plant would probably bring the closing price to the $2 billion range, brokers speculate. If sold, the deal would be metro Orlando's largest commercial real estate closing on record.
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