IDEC has listed a 83,600-square-foot flex industrial building in Sunnyvale as it shifts some operations to Southern California. The asking price was not disclosed.
The Japan-based automation and control products manufacturer has put the building at 1175 Elko Drive up for sale, the Silicon Valley Business Journal reported.
The two-story building, built in 1998 on 4.5 acres, can be used for warehousing, research and development or industrial use. The brokerage behind the listing was not disclosed. It’s not clear when IDEC bought the property, or how much it paid.
Highlights include tennis and basketball courts, an indoor fitness center, EV charging stations, a nine-hole golf putting green and solar panels.
The listing comes as IDEC shifts operations to Carlsbad, north of San Diego, an unidentified spokesperson told the Business Journal
In 2017, the company acquired French manufacturer APEM, which owned the Carlsbad building, which IDEC now wants to use for its warehouse and production departments.
At the same time, IDEC is seeking a smaller Sunnyvale office for sales, human resources, accounting and its automating departments, the spokesperson said. Between 40 and 50 people are expected to stay in Sunnyvale, while the remaining workers would head south.
Details aren’t final, as the firm is uncertain which employees can make the move.
IDEC has 20 offices across the U.S., including a technical support office in Chicago, a finance department in Massachusetts and various sales offices.
— Dana Bartholomew
Read more
Commercial
San Francisco
Applied Materials buys Fry’s Electronics site in Sunnyvale for $100M
Commercial
San Francisco
Tidewater extends buying spree with three Sunnyvale office buildings
Commercial
San Francisco
Tidewater purchases seven tech buildings in Sunnyvale for $101M