Industry News

EFI Closes Sale of Real Estate Assets to Gilead Sciences

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Electronics For Imaging, Inc. (EFI) has closed its previously announced sale of a portion of its real estate in Foster City, CA, to Gilead Sciences, Inc.      Pursuant to this transaction the company sold certain real property to Gilead for a total purchase price of $137.5 million, subject to an escrow holdback of approximately 11%. The property sold included approximately thirty acres of land, which is entitled for development, the office building located at 301 Velocity Way consisting of app...

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