Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Office  | 

AbLabs Building Goes to Hardin-Simmons University

The troubled history of the AbLabs building at 1325 Pine St. came to an end, as the Abilene (TX) City Council approved the sale of the 22,000-square-foot structure to Hardin-Simmons University. The university is paying $1.5 million, cash, for the building, and will receive an interest-free, three-year, $725,000 loan from the Development Corporation of Abilene (DCOA) that won’t have to be paid back, as long as HSU maintains an average of 75 students and five instructors.

Delivered in 2010 at a cost of more than $10 million, AbLabs was hoped to lure biotech companies with high-quality jobs to Abilene. However, the facility never lived up to expectations, and has been vacant since 2015.

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Abilene Reporter-News

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition