Bankruptcy Court Approves Solyndra's Fremont Factory Sale
FREMONT, CA-A U.S. Bankruptcy Court has approved the $90.2-million sale of Solyndra's solar panel factory in Fremont to Seagate Technology. The factory is located at 47488 Kato Road along Interstate 880. Solyndra closed the factory when a $535-million loan guarantee by the U.S. Department of Energy fell into controversy.
The purchase price, agreed by Seagate, is 70% below the $300-million construction cost of the building. The bankruptcy court hired Jones Lang LaSalle to market the 412,000-square-foot complex. For the full story, go to Oakland Tribune .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Join us at the Ontario Convention Center for this half-day conference where our town hall panel will cover the market trends and provide an outlook for what to expect in 2014. Hear from our development panel on where the best opportunities lie and from our industrial experts on what's hot in this dynamic sector at RealShare INLAND EMPIRE on January 28th.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.