The 21-year-old SMU in Plano campus is now for sale.
The facility housed Electronic Data Systems while offering a variety of business and technology classes.
Although a closing date hasn’t been determined, the campus will remain open until the details of its purchase are finalized.
“The youth camps scheduled there this summer will be unaffected,” university spokesman Kent Best said.
Located in Legacy business park, between Dallas North Tollway and Preston Road, the campus is situated among one of the fastest growing employment centers, home to Toyota’s new North American headquarters, JPMorgan Chase, and Liberty Mutual Insurance.
Due to the concentration of workers and firms in the Legacy business park area, the SMU in Plano campus is amid skyrocketing commercial real estate values.