PropertyApr 13, 2026, 04:07 PM
AAOI Acquires Texas Property for $58.4M for Operations
AI Summary
Applied Optoelectronics, Inc. (AAOI) has entered into a Purchase and Sale Agreement to acquire approximately 388,133 square feet of real property and improvements in Pearland, Texas. The aggregate purchase price for this property is $58,428,612. AAOI intends to utilize the property for office, warehouse, manufacturing, and assembly purposes, with the closing currently scheduled for April 17, 2026.
Key Highlights
- Acquired approximately 388,133 sq ft of real property in Pearland, Texas.
- Aggregate purchase price for the property is $58,428,612.
- Company deposited $1,168,512 with the title company.
- Closing is scheduled for April 17, 2026.
- Property will be used for office, warehouse, manufacturing, and assembly.