(PRWEB) August 16, 2012
JLM Financial Investments LLC, a locally owned private equity firm, is partnering with Manny Farahani and Peter Barlin to form SW Growth Partners to purchase part of the Freescale Semiconductor Campus located at highway 183 and Ed Bluestein Blvd in South Austin.
The transaction, which closed earlier this month, represents a total of nearly a million SF of space in nine buildings which are spread across 109 acres.
Freescale continues to operate its wafer manufacturing facility at the Motorola campus adjacent to the property on the south side. Additionally, Hewlett Packard Co. houses a large data canter on the adjacent property on the south side as well.
Jeff Ezell, Managing Director for JLM Financial Investments said, “We are very optimistic about the current direction of the office and warehouse markets in Austin. By offering a high quality and low cost product in an excellent location, we hope we can be instrumental in helping the Chamber of Commerce and Opportunity Austin recruit new companies and jobs to Austin.
“The timing is right for this project as the office and industrial market is picking up steam in the southeast sector last year,” said Dave Porter, Senior Vice President for Economic Development for the Austin Chamber of Commerce. “Having a large high quality facility in that market should enhance our chances of landing more deals”.
“At Opportunity Austin we try to match incoming businesses and growing local businesses with space that fits their needs. I can’t recall ever having a product of the size and quality of the former Freescale campus, which will allow us to offer large blocks of lease space or individual buildings to a wide variety of users,” said Gary Farmer, President of Opportunity Austin 2.0
For more information on the site go to: http://www.jlmfinancialinvestments.com/swgrowth.asp