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Seagate Agrees to Buy Former Solyndra Building

Solyndra filed for bankruptcy in August 2011.

A well-known tech company may be moving into the building that was once home to Solyndra in Fremont, according to media reports.

The Oakland Tribune reports that Seagate, a company that manufactures hard drives, has purchased the building of the solar-panel company that last year.

More from the report:

"Seagate has entered into an agreement to purchase the building subject to a diligence review over the next 45 days," Seagate spokesman Brian Ziel said in a statement emailed to this newspaper.

The sale of the 412,000-square-foot complex, just off Interstate 880 on Kato Road, was arranged through commercial realty brokerage Jones Lang LaSalle, which had been hired by the U.S. Bankruptcy Court to handle the marketing of the property.

Seagate, which has large operations in Cupertino, had been scouting multiple locations in the South Bay in its hunt for space, according to commercial realty brokers who are familiar with the deal. The company has not announced what precisely it will do with the new building or whether it will shut down any of its operations elsewhere.

"If and when the purchase is complete, we will provide our plans for use of the building," Ziel said in his email.

Read the full report here.

What do you think of Seagate purchasing the former Solyndra building? Share your thoughts in our comments section below.

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Carol Parker August 23, 2012 at 03:58 PM
If true, this is good news. My son helped construct the building. It is a remarkable space that should not sit vacant.

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