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EFI Reaches Agreement To Sell Real Estate Assets

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By: DAVID SAVASTANO

Editor, Ink World Magazine

EFI has reached an agreement to sell a portion of its Foster City, CA campus for $137.5 million to Gilead Sciences, Inc. The transaction is expected to close in January 2009, subject to various closing conditions.      On May 29, 2008, EFI announced it had hired Jones Lang LaSalle to explore opportunities related to its Foster City, CA campus, consisting of two buildings and approximately 35 acres of land. Under the agreement with Gilead, EFI will retain ownership of the approximately 295,000 ...

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