The former Hynix Semiconductor plant in Eugene, Oregon is on the market for sale. With 1.2M square feet on 200 acres, this property is similar in size to the HP campus in Camas, WA (which is rumored to have a new buyer of that campus announced in the coming weeks). The campus has three buildings including a 173,000 square foot clean room facility. Built in 1997-98, the Hynix plant employed 1400 people until July 2008, when it announced plans to shut down the fab operation in Eugene. Hynix Seminconductor is the second largest producer of memory chips.
This property will be a challenging disposition. The presence of such a large clean room facility makes the obvious buyer pool much smaller, without even factoring in the current economic climate. The HP campus in Camas has been on the market for well over a year and the expectation is that this property will move no quicker and maybe sell for $50M, likely less.
Even though the Hynix facility is in excellent condition and has a very large administration building on a very large campus, it would be suicide for any manufacturing company to purchase.
The 200 acres are in reality only 100 acres due to being forced to declare about one half the property as “wet lands” and cannot be used for any purpose.
Additionally the City of Eugene, Oregon and Lane County are notoriously “anti-business”. A large portion of existing big business (Peace Health Hospital and various other business have moved “across the river” to Springfield, Oregon and many others are in the process of doing the same thing. I would guess this place will be a “white elephant” for a long time to come