Binswanger Wins Disposition Assignment for Chip Fab Plant

SEATTLE-Microchip Technology of Chandler, Ariz. has contracted with Binswanger/Puget Sound Properties for the disposition of its 710,000-sf chip fabrication facility in Puyallup, Wash.

The complex sits on a 92-acre campus east of Tacoma. The campus consists of 10 buildings including three fabrication facilities. The other buildings are for office and site support. The list price for the facility is $93.8 million.

Microchip Technology acquired the Puyallup facility in 2000 for about $80 million. The facility began heading toward the market in August, when Microchip Technology acquired Fujitsu’s ready-to-use 200-acre semiconductor plant in Gresham Ore. for $183.5 million. The Gresham plant had been on the market for only five months.