The Real Estate Research Center’s Recon Report on March 13, 2009 announced that Lynntech will be consolidating its operations and will become the new tenant of the former Westinghouse property at 2501 Earl Rudder South. The former Westinghouse property will be purchased by College Station Science Park LLC with Lyntech as the anchor tenant.
The plan is to redevelop 53 acres surrounding the facility as a science park “supporting scientific innovation and technology transfer.” They plan to pay $3M for facility improvements while adding more than $2M a year in payroll. A three year term loan was provided to Lynntech by the Research Valley Partnership from its sconomic development fund for property improvements.
We are all looking forward to Lynntech’s move to the new facility!
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