3M long known for selling scotch tape and post it notes has owned a 156 acre office campus in NW Austin located at the corner of 2222 and River Place Blvd since it was built in 1988……………however not for long. The Company’s CEO has decided it’s time to explore other office space options in Austin. The list price has not been disclosed yet however according to the Travis Central Appraisal District the assessed value is over $80 million for the land and 1 million sf of office space.
It will be interesting to see who ends up buying the property and what they use it for. It’s a great site however the buildings age make it somewhat functionally challenged. It would make a great redevelopment opportunity for a developer or large company.