AUSTIN, TX-The chemical research team of Sasol North America will betransferred to Lake Charles, LA, leaving for sale one of the best-designedresearch laboratories available in the country.The 40-acre campus in is in the hills of northwest Austin, not farfrom Lake Austin and Lake Travis. The facility houses 33 labs and a processdevelopment laboratory.

Jerry Heare with NAI Commercial Industrial Properties Company is themarketing agent for the facility.The facility was completed in 1989 when Vista Chemical, spun off from theConoco-DuPont merger in 1984, relocated its R&D labs from Ponca City, OK.Vista placed the labs in Austin to take advantage of the research programsat University of Texas-Austin, as well as the graduate student hiringpossibilities.

“It’s disappointing for Austin to lose the presence of Sasol North America,” said Austin Chamber of Commercepresident Michael Rollins.”However, Sasol leaves behind a high-quality campus suitedfor biotech and pharmaceutical companies looking to take advantage ofAustin’s highly skilled workforce.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.