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08/20/2012 11:26 AM

Business Now: Local investors snag Freescale complex

By: YNN Staff

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The Freescale industrial complex off Ed Bluestein in East Austin sold earlier this month to local investors.

Read more

Click here to read more about this story in the Austin Business Journal.

Austin Business Journal Editor Colin Pope said the building, which is about the size of a shopping mall, can be easily renovated and leased, which takes far less time than new construction.

While the area isn’t booming like other parts of East Austin just yet, Pope says it’s an area to watch over the next decade. Find out more in this edition of “Business Now” in the video above.