"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."
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.
Read at The Mercury News
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