The prime Tauranga City Council-owned site on Maunganui Rd has been sold to the current tenant Zespri for $10.1 million.
Zespri plans to build a new head office at the southern end of the site and develop a parkland, to be owned by the council, adjoining its new building.
Zespri's offer was not the highest bid, but was unconditional and provided the best value to the council and to the community.
Tauranga Mayor Stuart Crosby was pleased Zespri would remain at the site.