NXP Semiconductors has leased the entire Champion Office Park in Northwest Austin as it considers selling its longstanding U.S. headquarters in Oak Hill, Southwest Austin.
The Dutch semiconductor company signed a lease for all 225,000 square feet at Champion Office Park, located at 6433 Champion Grandview Way. The two-building campus, which includes a parking garage and covers nearly 29 acres, is owned by Menlo Equities of California. Endeavor Real Estate Group manages leasing for the property.
This decision follows NXP’s move to put its 155-acre headquarters campus at 6501 William Cannon Boulevard up for sale two months ago. The site was originally built for Motorola in 1984 and later operated by Freescale Semiconductor before NXP acquired Freescale in 2015. The Oak Hill campus totals about 1.5 million square feet.
NXP explained the reason behind its search for new space: “was driven by the need to modernize and create a vibrant environment that enhances how we work and engage.” A spokesperson confirmed that employees have already been informed about the new lease but declined to comment on details regarding a potential sale of the current campus.
CBRE’s Trey Low is handling marketing efforts for the Oak Hill property, though it is not publicly listed at this time. According to records from the Travis Central Appraisal District, the property was most recently valued at $43 million. As of mid-February, no sale had been recorded.
In recent years, NXP had planned significant investments in Austin. In 2023, the Austin City Council approved incentives related to a proposed $291 million expansion across two local campuses; however, this agreement was terminated earlier this year.
The company’s strategic changes come amid broader industry shifts. In October, NXP reported third-quarter revenue of $3.2 billion—a decrease of two percent compared to last year—and announced plans in December to close a manufacturing facility near Phoenix. As of March last year, NXP employed approximately 4,000 people in Austin.
Oak Hill remains one of Austin’s more stable commercial real estate submarkets with a fourth-quarter vacancy rate of 14.1 percent—lower than the metro-wide average of around 25 percent according to CBRE data. If NXP vacates its current headquarters fully, it would leave a large block of office space available in an area known for relatively low vacancies.
