A US electronics giant that two years ago shut its East Kilbride manufacturing plant has sold the site in a leaseback deal.
Freescale Semiconductor will now use the plant for research and development, providing jobs reassurance to the remaining employees.
The multi-million pound deal was secured after agents had tried and failed to tempt potential overseas buyers to snap up the site for at least £20million.
A spokesman for property consultancy Colliers said the sale marked "the largest industrial disposal in the west of Scotland for some years".
Colliers yesterday, said it had "facilitated" a sale and partial leaseback of the site, in a deal that sees Edinburgh-based Clowes Developments acquire the 800,000 square-foot plant.
Under the deal, Freescale, which makes chips for products ranging from car engines to mobile phones, will lease back 70,000 sq ft of office space from Clowes for research and development (R&D) and product engineering purposes.
Freescale, which was spun out of Motorola in 2004 and is now one of the world's largest chip makers, ceased its East Kilbride manufacturing operations in 2009 with the loss of 850 jobs, although the firm retained around 170 jobs in the R&D and administration departments.
The announcement appears to underline Freescale's commitment to the area, amid fears it might change its mind and pull out of Scotland all together.