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Toshiba Sells Irvine Campus in California

1 Dec, 2016

TOKYO—Toshiba Corporation (TOKYO: 6502) today announced that Toshiba America Information Systems, Inc. (TAIS), a US subsidiary based in Orange County, CA, has sold its Irvine campus to LBA Realty, LLC(LBA) for US$65 million on November 30, 2016. Furthermore TAIS has entered into a lease back agreement as TAIS prepares to relocate to a new corporate office facility within the next 12 months. This transaction is in line with Toshiba’s consistent policy of making efficient use of Group assets and improving its balance sheet.

Toshiba established the Irvine campus as its information equipment business headquarters in the US in 1987, and also operated it as a PC manufacturing facility for 15 years. In 2002, it ended production due to structural reform of the PC business, and the facility has since been used as offices and a warehouse.

Toshiba continues to promote operation grounded in cash flow.

Summary of the Sale

Property Name: Toshiba America Information Systems, Inc. Irvine Campus
Location: 9740 Irvine Boulevard, Irvine, CA 92618-1697, U.S.A.
Site Area: Approx. 106,000 m2 (26 acres)Total Floor Space: Approx. 41,500 m2 (450,000 sq. ft.)
Purchaser: LBA Realty LLC
Sale Price: US$65 million
Date of Transaction: November 30, 2016

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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