Monday, April 1, 2013

Spear Street Closes on AMD's Office Campus in Austin




National Commercial Real Estate News From CoStar Group





Spear Street Closes on AMD's Office Campus in Austin



Spear Street Capital concluded its purchase of Advanced Micro Devices’ (NYSE: AMD) Lone Star Campus in Austin, TX. The seller generated $164 million or $189 per square foot in the all cash deal.

AMD subsequently inked a 12-year sublease with an affiliate of HPI Real Estate Services and Investments for the 865,832-square-foot complex.

The portfolio includes five office buildings on 59 acres at 7171 Southwest Parkway. The structures delivered...






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