PALO ALTO, Calif., February 24, 2012 – Jones Lang LaSalle has been chosen by Solyndra LLC to sell the solar panel manufacturer’s corporate headquarters and primary production facility located at 47488 Kato Road in Fremont, Calif., and the engagement has been approved by the Bankruptcy Court overseeing Solyndra’s bankruptcy case. The team in charge of marketing the building is led by Bart Lammersen, Greg Matter and Jason Ovadia.
The approximately 450,000-square-foot manufacturing facility, which was completed in 2010, issuited to a variety of cleantech and technology businesses, as well as global manufacturers and companies looking for a signature presence in California’s Silicon Valley. The 280,000-square-foot manufacturing space is rated as Class 100,000 Clean Room (ISO Clean 8) and the two-story office space, totaling approximately 30,000 square feet, was constructed to LEED Gold standards. The property sits on a 30-acre parcel, with prominent Interstate 880 frontage within minutes of San Jose International Airport, Oakland International Airport, and a short drive from the Port of Oakland and the San Francisco Peninsula. The property includes plans for an additional 200,000-plus-square-foot expansion facility.
“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,” said Bart Lammersen, Managing Director in firm’s Palo Alto office. “This caliber of property, with its high level of sophisticated infrastructure, is unique in California and even the world, making it extremely appealing to investors seeking a discount to replacement value.”
The facility was designed to exceed California seismic standards and can be operating immediately following a seismic event. The building’s 21 KV electrical service is backed up by two diesel emergency generators, each with 2MW capacity, and the building carries a cool membrane roof with a 1.2 MW solar installation.
“For companies interested in getting into the market quickly, this facility reduces speed to market, improves supply chain flexibility and mitigates risk at a fraction of replacement cost,” said Greg Matter, Vice President, Jones Lang LaSalle’s Supply Chain and Logistics Solutions team.
Additional information may be found at www.solyndrabuilding.com.
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About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website,www.joneslanglasalle.com.
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