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Micron moves into vacant former Maxtor campus in Longmont

LONGMONT — Computer data storage company Micron Technology Inc. (Nasdaq: MU) has signed on as the lead tenant to the long-vacant former Maxtor Corp. campus at 2452 Clover Basin Drive in Longmont.

Broe Real Estate Group, which owns the campus, announced the lease Tuesday.

Micron will take up 207,000 square feet of the 475,000-square-foot, 25-acre campus. 

“MTC is the culmination of thoughtful partnership, planning, and investment necessary to reposition an existing asset into a vibrant campus attractive to life sciences, advanced manufacturing and flex office tenants,” said Broe Real Estate CEO Douglas Wells in a prepared statement.

The facility was built in 1989. In 2006, Maxtor was acquired by Seagate Technology Holdings, which closed the campus the following year.

Broe purchased the facility in 2018 for $8.6 million. It renamed the campus MAX Technology Center and conducted about $100 million in renovation work to bring the campus up to the standards of an industry giant such as Micron. 

Micron also occupies a smaller space in Longmont, at 1900 Pike Road, for which it signed a 10-year lease extension in 2015. It’s unclear whether the company will retain that location. The company acquired Displaytech Inc., a Longmont-based manufacturer of small display screens, in 2009 for an undisclosed amount.

Broe has made major moves in the Northern Colorado market over the past few years. In addition to the MAX Technology Center, it is developing the 300-acre Access 25 Logistics Park in Mead that has rail service from OmniTrax, which is also owned by Broe Group. That park recently landed Home Depot as an anchor tenant. 

“The development of the MAX Technology Center has created an important economic driver for Longmont and the region,” said Longmont Economic Development Partnership president and CEO Jessica Erickson in a statement. “With more than 200 employees already in Longmont, Micron is one of the city’s largest private sector employers and a global leader in semiconductor manufacturing. Locally, the collective semiconductor industry represents a $35 million annual economic impact. The opportunity to retain and support Micron’s growth at the newly imagined MAX Technology Center will have a lasting positive economic effect on our community and will serve as a catalyst for the remaining campus occupancy.”

Source: BizWest