Foxconn Assembly secures Houston property for $33 million

HOUSTON – Foxconn (SS:601138) Assembly LLC, a subsidiary of Hon Hai (TW:2317) Precision Industry Co Ltd, has completed the acquisition of a significant land and building asset in Houston, Texas, for operational needs. The transaction, which took place on Monday, involves a land parcel and building at 9625 Fallbrook Pines Drive, Houston, Harris County, TX 77064, with a total transaction price of USD 33,033,000.00.

The land spans 478,036 square meters, while the building covers 200,200 square meters.

 

This strategic acquisition is intended to meet the operational needs of Foxconn Assembly, though the specific operational purposes have not been detailed in the press release statement.

 

https://www.investing.com/news/company-news/foxconn-assembly-secures-houston-property-for-33-million-93CH-3741598