Qualcomm signed a seven-year lease for the Junction Avenue property in 2005 and invested heavily in the building in 2006, building out a wafer fabrication facility. It leased the space for the regional headquarters of Iridigm Display Corp., a handheld-device display specialist it acquired. Additional information on the Trimble Road property was not immediately available.
Ten months ago, in October 2007, Qualcomm paid $80 million for Kifer Corporate Center, a 320,000-sf, four-building low-rise campus in Santa Clara, saying it would use the space to consolidate a couple of its expanding South Bay offices. The seller, LBA Realty, acquired the 22-year-old campus empty in 2005 for approximately $46 million and proceeded to invest additional funds rehabilitating and repositioning the property.
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