E Ink Corp. acquired an office building in San Jose for $22.7 million, allowing the company to enhance its operations. The building was put into receivership after the previous owner defaulted on a $19.8 million loan from Wells Fargo. E Ink is noted for its advancements in electronic ink technologies used in e-books and electronic signs. The property was previously leased by Nio USA, which vacated after significant job cuts, leading to the building's financial troubles and subsequent sale.
E Ink Corp. has purchased an office building in San Jose for $22.7 million, facilitating their operations in electronic ink display technologies.
The building was previously occupied by Nio USA, which halted operations and vacated the premises after failing to maintain employment levels.
E Ink specializes in technologies that allow electronic displays to mimic printed paper, widely utilized in e-books and editable electronic signage.
The property’s receivership followed the former owner’s default on a $19.8 million loan from Wells Fargo, leading to a sale by court supervision.
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