Firm will lease back some of the site
Freescale Semiconductor has sold its site in East Kilbride in one of the largest commercial property deals of the year.
The financial value of the deal has not been disclosed but is understood to be several million pounds.
The sale of the 800,000 square feet 26 acre facility is also one of the largest deals by square footage in the west of Scotland for several years.
Freescale is leasing back 70,000 square feet of office space from the new owners Clowes Developments Scotland, part of the CWC group founded by property entrepreneur Charles Clowes.
Colliers International and the Advanced Technology Resource Group (ATREG) worked for Freescale with Patrick Property Consultancy advising Clowes.
It is expected Clowes will look to redevelop much of the site but no firm plans have been revealed.
Iain Davidson, director of logistics and industrial with Colliers International in Scotland, said: "This is the largest industrial disposal in the west of Scotland for some years, and despite challenging market conditions, we were successful in identifying a local buyer.
"The transaction itself was not without its complexities given the scale, nature of the site, and our client’s requirement to lease back part of the site. However, we are delighted to have secured the sale to Clowes Developments."
Stephen Rothrock, president and managing principal of Seattle based ATREG, said: "Our expert advice, combined with Freescale’s proactive planning, has resulted in ensuring continued employment in the tech sector of that region."
In December last year Colliers and ATREG advised Freescale on the sale of its Dunfermline facility to Shepherd Offshore Services.
In 2009 Freescale closed several parts of the East Kilbride plant - which made chips for cars - with the loss of around 850 jobs.
The remaining 170 research and development and administration workers will remain in their current offices.