Foxconn pays $9.5M for BMO building
Foxconn, a Taiwanese electronics manufacturer, has paid $9.5 million for the building, located at 1 W. Main St., and rename it Foxconn Place Madison. The property’s value was most recently assessed at $6.3 million, according to Dane County records.
BMO will still have a significant presence there, as a BMO bank branch will lease space from Foxconn and occupy a large portion of the property, a BMO spokesman confirmed.
Foxconn intends to use the building as an innovation center and as the company’s off-campus hub in collaboration with UW–Madison medical, materials, and computer-science research.