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...