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3M is selling its 156-acre Austin campus


3M selling large campus in Austin.

Materials company 3M, best known for its Post-it notes and Scotch tape, is selling its main 156-acre campus in Austin, the company has confirmed.

The company declined to reveal the list price for the property, which includes 1 million square feet of office space. The 3M land, at RM 620 and RM 2222, is home to employees who work in 3M’s “electronics and energy” group, as well as its research and development facility. A separate manufacturing facility is off Research Boulevard and is not part of the sale. 

Company spokeswoman Lori Anderson said 3M is in the “early stages of assessing our options” and will be working with “business leaders to determine their specific workspace need.” She said that the 3M office is only using only a “portion” of this property.

The campus — which has an assessed value of more than $80 million, according to the Travis Central Appraisal District — is in an area that has seen an influx of residential and retail development in recent years.

Click here to read the full story: 3M is selling its 156-acre Austin campus Austin American Statesman 8-30-2016


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