The last property in the city of College Station’s business center has been sold.
A unanimous city council at their last meeting, accepted a $3.3 million dollar offer for 12 acres along the northbound freeway frontage road at Gateway Boulevard.
Chief development officer Michael Ostrowski said the buyer, Fera Diagnostics and Biologicals, is a research-driven company that focuses on developing products to improve the welfare of animals.
Fera plans to build a $15 million dollar, 50,000 square foot headquarters and employ 15 to 30 people in the two to three years.
The city acquired the land in a swap back in 1988 that resulted in the creation of the Pebble Creek development.
Click below to hear comments from the April 25, 2024 College Station city council meeting.