The company's worldwide real estate portfolio totals 12.8million square feet of office, laboratory and manufacturingfacilities, including 8.8 million square feet of leased space. Inearly 2006, the company had a 16.2-million-square-foot portfolio,including 8.9 million square feet of leased space. The company's USportfolio totals 8.2 million square feet, including 5.2 millionsquare feet of leased space. In the Silicon Valley, where thecompany is headquartered, it owns approximately two million squarefeet.

In mid-2006, two weeks after GlobeSt.com reported that its1.4-million-sf campus in Newark, CA, was on the market,Sun Micro revealed it would shed up to 5,000 jobs by the end of theyear as part of a plan to curtail four years of declining revenue.A couple of months later BioMed Realty Trust paid $215 million forthe campus, which came with excess land for another 400,000 squarefeet of built space, and recast it as a home for life sciencetenants.

The sale agreement included a cancellable 18-month leaseback bySun at $13 per square feet per year, triple net, to allow for theorderly relocation of employees to other Bay Area locations,including its 816,000-square-foot headquarters campus in SantaClara--now 928,400 square feet--and a one-million-square-footcampus in Menlo Park.