JDS Uniphase Seeking $43.5 Million Sale Leaseback of Office Campus in CA

EasyBourse - September 14, 2006

JDS Uniphase Corp. (JDSU) signed an agreement this month to sell its Santa Rosa, Calif., office campus for $43.5 million, the company said Thursday in a Securities and Exchange Commission filing.

There are 13 buildings on the campus, comprising about 492,000 total square feet, the Milpitas, Calif.-based company said. JDS Uniphase signed an agreement to lease back six of the buildings, which contain about 274,000 square feet, for up to 10 years, the filing said.

The company didn't indicate who was buying the campus in the SEC filing. JDS Uniphase is evaluating the accounting impact of the sale, it said. The agreement also has several conditions that JDS Uniphase expects to resolve by year's end, the filing said.

JDS Uniphase provides communications test and measurement solutions and optical products for telecommunications, cable and network equipment companies. Sphere: Related Content