Lam Research buys $45.8M office building near TSMC’s Phoenix campus

Lam Research Corporation, which supplies wafer fabrication equipment to chipmakers like TSMC, bought an office building in north Phoenix.

BY HAILEY MENSIK/PHOENIX BUSINESS JOURNAL

Jan 3, 2026, 5:45 AM

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Lam Research buys $45.8M office building in Phoenix...

Lam Research Corporation acquired the 147,638 square-foot office building from JDM Partners for $45,770,000. (Photo via Kyle Zirkus)

(Photo via Kyle Zirkus)

Lam Research Corporation, which supplies wafer fabrication equipment to chipmakers like TSMC, bought a 147,638 square-foot office building in north Phoenix on Dec. 23, according to real estate database Vizzda LLC.

It acquired the property from Phoenix-based JDM Partners — a real estate firm co-founded by Jerry Colangelo, who now serves as chairman — for $45,770,000. JDM purchased it in 2018 for $48 million, Maricopa County records show.

The three-story office building, located at 25700 N. Norterra Pkwy., was built in 2016 and sits on 12.33 acres. It’s right off Interstate 17 and just a short drive from TSMC’s campus.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.