NXP Semiconductors is reshuffling its Austin presence, leasing an entire Northwest Austin office park as it explores a sale of its longtime U.S. headquarters in Oak Hill, a Southwest Austin neighborhood.
The Dutch chipmaker signed a lease for all 225,000 square feet at Champion Office Park, a two-building campus at 6433 Champion Grandview Way, representatives confirmed Tuesday, the Austin Business Journal reported. The property, which includes a parking garage and sits on nearly 29 acres, is owned by California-based Menlo Equities. Leasing is handled by Austin-based Endeavor Real Estate Group.
The move comes two months after NXP put its sprawling 155-acre campus at 6501 William Cannon Boulevard up for sale, according to the publication. The 1.5 million-square-foot property, originally built for Motorola in 1984 and later operated by Freescale Semiconductor, has served as NXP’s U.S. headquarters since it acquired Freescale in 2015.
NXP said its search for new space “was driven by the need to modernize and create a vibrant environment that enhances how we work and engage.” The lease has already been communicated to Austin employees, a company spokesperson told the outlet, and declined to comment on a potential campus sale.
CBRE’s Trey Low is marketing the Oak Hill site, though it does not appear to be publicly listed. The property was most recently appraised at $43 million, according to the Travis Central Appraisal District. No sale has been recorded as of mid-February.
The shift marks a notable reversal. In 2023, the Austin City Council approved incentives tied to a planned $291 million investment to expand NXP’s two local campuses. That agreement was terminated earlier this year, according to published reports.
NXP’s recalibration comes amid broader changes. The company reported $3.2 billion in third-quarter revenue in October, down 2 percent, year-over-year, and announced plans in December to shutter a Phoenix-area manufacturing facility. It employed about 4,000 people in Austin as of last March, ranking among the city’s largest tech employers.
Southwest Austin’s Oak Hill — where the chipmaker is selling its current home — remains one of the metro’s tighter submarkets, with 14.1 percent vacancy in the fourth quarter of 2025, compared to roughly 25 percent metro-wide, according to CBRE. If NXP ultimately vacates the campus, it would put a 1.5 million-square-foot question mark in one of Austin’s more resilient corridors.
— Eric Weilbacher
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