On behalf of SunEdison, Binswanger is pleased to announce the sale of a 693,404 sq. ft. silicon wafer manufacturing building on approximately 78.5acres situated at 6800 US Highway 75 in Sherman, Texas.
The property was purchased by Finisar Corporation, a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless and cable TV applications, for $20,000,000.
Built in 1997, the fully air-conditioned facility is in excellent condition. Key features include 8"-12" concrete floors; masonry and steel with brick veneer walls; EPDM membrane built-up roof; steel “I” columns; ceiling heights ranging from 15' to 45'; all utilities; 100% wet sprinkler protected; fiber optic capable; 53,871 sq. ft. of Class 10,000 clean room space; 22,532 sq. ft. of Class 1 clean room space; 175,028 sq. ft. of office space; and approximately 580 paved and lighted parking spaces.The property is conveniently located in close proximity to US 75, US 82, and FM 1417 and is approximately 45 miles north of the Dallas/Fort WorthMetroplex.
The transaction for the seller was handled by Holmes Davis, Senior Vice President in Binswanger’s Dallas, Texas office.
Headquartered in Philadelphia, Pennsylvania, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East and Asia.