With BlackBerry downsizing they no longer need the expansive office space and land they once needed. They have just sold off five buildings and the land to the University of Waterloo for $41 million. The university is set to close the deal in February and will occupy 3 of the 5 buildings. BlackBerry will remain in the other two for up to five years. The sold buildings are BlackBerry 1, 2, 3, 4, and 16. BlackBerry will remain a tenant in BlackBerry 2 and 4.
BlackBerry Sells Off 5 Buildings to the University of Waterloo for $41 Million
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December 28, 2012