Fergie's Tech Blog

Silicon Labs Completes Downtown Austin Deal

Via The Austin Business Journal.

Silicon Laboratories Inc. has finalized details of a deal to take space in a downtown Austin office building.

The property is located at 400 W. Cesar Chavez and is known as one of two Computer Sciences Corp. buildings. The Austin chip designer will lease the space for 7 years and has the option to buy the 221,000-square-foot building. Roughly 175,000 square of the building is office space spread out on 5 floors. Silicon Labs will use four of the five floors, while the ground floor will continue to be dedicated to retail space and a lobby.

The deal means approximately 400 of the company's employees, including our product development groups and sales organization as well as most of the executive team, will move downtown during third quarter of 2006.

posted by Fergie @ 3/31/2006 07:51:00 AM