San Diego Tribune reports:
Sony Electronics Inc. sold its San Diego campus at 16535 Via Esprillo in Rancho Bernardo for $67.4 million to an entity affiliated with Irvine-based real estate investment and management company LBA Properties, property records show. The electronics company spent $150 million to build the property, which was completed in 2009, according to news reports.
With the sale, the seller will lease back an undisclosed portion of the building, said Matt Carlson, an executive at CBRE.
Sony did not comment on this so we don’t know why they are doing this.
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