Fulbright Reps Advanced Micro In $164M Sale-Leaseback Deal

Law360, New York (March 12, 2013, 5:42 PM EDT) -- Computer graphics firm Advanced Micro Devices Inc. has reached a $164 million sale and leaseback agreement with private real estate investor Spear Street Capital for its Austin, Texas, campus, it announced Tuesday.

Under the terms of the deal, AMD will sell the campus at 7171 Southwest Parkway to Southwest Parkway Holdings LP, an affiliate of San Francisco-based Spear Street. Once the sale is completed, AMD will enter into a 12-year lease with Spear Street for the campus, with an extension option built in.

The deal is...
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