NXP Leases New Northwest Austin Office Park

Dutch semiconductor firm aims to sell longtime Oak Hill headquarters campus

Published on Feb. 21, 2026

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NXP Semiconductors NV, a Dutch semiconductor company, has leased the entirety of the 225,000-square-foot Champion Office Park in Northwest Austin as it looks to sell its longtime 155-acre U.S. headquarters campus in Oak Hill. The company says the new office space will provide a more modern and vibrant work environment for its Austin-based employees.

Why it matters

NXP's move signals a shift in the company's real estate strategy as it aims to modernize its operations and potentially unlock value from its sizable Oak Hill campus. This transition could impact the local commercial real estate market and the Austin tech community, which has seen significant growth and evolution in recent years.

The details

NXP has leased both buildings and a parking garage at the Champion Office Park, which is located on nearly 29 acres at 6433 Champion Grandview Way in Northwest Austin. The office park is owned by California-based Menlo Equities LLC, and the real estate transaction was brokered by Austin-based Endeavor Real Estate Group. NXP officials stated that the search for the new office space was driven by the need to create a more modern and engaging work environment for its Austin-based employees.

  • NXP confirmed the lease on February 17, 2026.

The players

NXP Semiconductors NV

A Dutch semiconductor company that makes technology used in a variety of sectors, including automotive.

Menlo Equities LLC

A California-based real estate investment firm that owns the Champion Office Park in Northwest Austin.

Endeavor Real Estate Group

An Austin-based commercial real estate brokerage that handled the leasing transaction between NXP and Menlo Equities.

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What’s next

NXP has not provided details on the timeline for selling its longtime Oak Hill headquarters campus.

The takeaway

NXP's decision to lease a new office park in Northwest Austin signals the company's commitment to providing a more modern and engaging work environment for its local employees, while also potentially unlocking value from its sizable Oak Hill campus as it looks to optimize its real estate portfolio.