A large portion of the Freescale facility located at 3501 Ed Bluestein Blvd. in southeast Austin recently landed a new owner. MFPB Ed Bluestein LLC, comprised of several real estate investors, purchased the sprawling 935,255-square-foot facility which spans nine buildings situated on 109 acres. The new owners are expected to spend additional funds to upgrade the decades-old facility as they are able to attract new and expanding tenants looking for large blocks of space. Helen Jobes, CCIM, with Kennedy Wilson represented the buyer in the sale.
The seller, Freescale Semiconductor, was represented by NAI REOC Austin’s Royce Lacey, SIOR, BCCR, Senior Vice President – Corporate Services Specialist, and Alan Lacey, CCIM, Vice President – Corporate Services Specialist. The sale does not affect operations at the adjacent Freescale semiconductor chip manufacturing plant located just north of the 3501 Ed Bluestein facility – one of three Freescale facilities operating in the Austin area.