The new owner plans to upgrade the complex and market it as amulti-tenant businesspark. The campus, off W.T. Harris Boulevardnear Interstate 85, was developed by IBMin phases between 1979 and1984.
IBM, which occupies about 750,000 sf, signed a long-term leaseand will remain a tenant, along with Solectron Corp. andManufacturers' Services Ltd. Rents in the northeast market are inthe $18 psf to $20 psf range.
The campus is in the fast-growing northeast office market whichtotals about nine million sf. The property has about 600,000 sf ofvacant space, including one entire building totaling 159,000 sf andseveral large blocks suitable for office, manufacturing andwarehousing.
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