Bloomberg News

Solyndra’s Headquarters in California to Be Placed on the Market

February 24, 2012

Feb. 23 (Bloomberg) -- Solyndra LLC’s California headquarters will be marketed by brokerage Jones Lang LaSalle after the failed solar-panel maker received sale approval by the U.S. Bankruptcy Court overseeing disposal of its assets.

The 450,000-square-foot (42,000-square-meter) facility in Fremont, California, was completed in 2010 and can be used by a variety of technology companies, the brokerage said in a statement today. The 30-acre (12-hectare) property, near the San Jose and Oakland airports, has 280,000 square feet of manufacturing space and a two-story office building.

“This is a unique opportunity for a manufacturer or other user to acquire a brand new, state-of-the-art facility in the heart of Silicon Valley,” Bart Lammersen, managing director of Jones Lang LaSalle’s Palo Alto office, said in the statement.

Solyndra sought Chapter 11 protection on Sept. 6, two days before its offices were raided by the Federal Bureau of Investigation. The company listed about $854.1 million in assets and about $867.1 million in debt in court papers filed Oct. 31.

The manufacturer’s collapse prompted congressional scrutiny of President Barack Obama, who praised the company during a May 2010 tour of its facilities. Solyndra faces a probe by Republicans in Congress over the federal loan guarantee it used to build a $733 million factory.

--Editors: Daniel Taub, Michael Hytha

To contact the reporter on this story: Dan Levy in San Francisco at dlevy13@bloomberg.net

To contact the editor responsible for this story: Daniel Taub at dtaub@bloomberg.net


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