Intel picks Philly real estate firm to sell Hudson campus
After nearly a year of trying to sell its 1.3 million-square-foot Hudson campus with little luck, Intel Corp. has tapped a Philadelphia real estate firm to help push the property toward a sale.
The 149-acre campus at 75 Reed Rd. was constructed between 1977 and 1994, and since 2009 Intel has reportedly invested more than $13 million in site and infrastructure upgrades that include roof replacements, installation of new cooling towers and numerous energy efficiency improvements, the real estate firm, Binswanger Management Corp., said.
Binswanger said it’s aggressively marketing the Hudson campus to high-tech manufacturers, data-centers, biotech/pharmaceutical and research companies as well as prospects in the solar, advanced technologies and development industries.
Intel uses the site for manufacturing and research and development, but announced last year it will close manufacturing operations in Hudson. The semiconductor maker said the plant is using outdated technology to make older generations of computer chips used in low-end applications
WBJ Web Partners
Most Recent
Most Recent
0 Comments