ASML Holding N.V., a Dutch semiconductor supplier that is one of the most valuable companies in Europe, has inked a nearly 35,000-square-foot office lease in Hutto, one of the fastest-growing cities in the country.
The company, which is widely known as ASML and shortened from Advanced Semiconductor Materials Lithography, is taking 32,442 square feet of rentable building area and 2,158 square feet of roof terrace space in the 70,000-square-foot office building in the Hutto Co-Op District, according to an Oct. 29 announcement from the city.
ASML (Nasdaq: ASML) specializes in the development and manufacturing of photolithography machines, which are used to produce integrated circuits. The company currently has a market capitalization of $416 billion, and in 2024 was valued at $264 billion, making it one of the most valuable companies in Europe.
It also works closely with Samsung Electronics Co. Ltd., which is deep in construction of its massive factory in Taylor just a few miles away.
ASML plans to employ more than 100 people at the Hutto site, with a focus on customer support operations. It currently has a location at 201 West Howard Lane, Suite 300, in Austin, which will not be impacted by the Hutto site, and a number of sites throughout Texas. ASML representatives did not immediately respond to a request for comment.
“We are thrilled that ASML has chosen Hutto and the Co-Op District as a home for its continued innovative work in the semiconductor industry,” Bob Wunsch of Carrollton-based MA Partners LLC, the developer of the 35-acre Co-Op District, said in a statement. “Our goal is to create a mixed-use destination that features dining, shopping, entertainment, workspace and residences — all within one truly authentic Hutto setting.”
Hutto Mayor Mike Snyder added that the project is a complement to other big industrial projects in the city, which has a population of about 43,000. That includes the first 220-acre data center campus from Dallas-based Skybox Datacenters LLC and San Francisco-based Prologis Inc., as well as Tesla Inc.’s 35,000-square-foot industrial building in the city.
“We are a growing community with 54 languages spoken, and the diversity of career opportunities, people and cultures in Hutto has helped make this a highly desirable location for companies seeking to establish a footprint or expand their operations in Central Texas,” Snyder said in a statement.
It also marks a potentially large employer setting up shop in Hutto, and specifically the Hutto Co-Op District. MA Partners was picked more than a half-decade ago as master developer of the project to turn the former agricultural site into a vibrant mixed-use district adjacent to the city’s historic downtown. That has included new a City Hall and library, along with other public spaces, along with a wealth of retail sites that are now home to the likes of Southside Market, Top Notch Burgers and Jack Allen’s Kitchen, and a new six-story parking garage.
While future phases are set to include more retail, multifamily elements, entertainment options and hotels, Wuensch previously told the Austin Business Journal that developers broke ground early on the office building after being approached by an unidentified Fortune 500 tenant. It turns out that tenant was ASML.
ASML leaves the office with 17,000 square feet of office space available on the fourth floor and 9,000 square feet of retail space on the ground floor. The office was designed by Hip.Hop.Design Studio.
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