E Ink Corp. acquired a San Jose office building at 3200 North First Street for $22.7 million. The transaction resulted from a court-ordered receivership after the previous owner defaulted on a loan. E Ink specializes in electronic ink display technologies, which provide a printed-paper-like appearance for digital screens. The building, totaling 85,000 square feet, was formerly leased by Nio USA, which vacated the premises following significant job cuts. This acquisition marks a strategic move for E Ink as it seeks to use the newly acquired space for its operations.
E Ink Corp. has acquired a San Jose office building for $22.7 million, enhancing its operational capacity in electronic ink display technologies.
The north San Jose office building, totaling 85,000 square feet, was previously leased by Nio USA before exiting after job cuts and lease expiration.
E Ink, co-founded in 1997 by a group of MIT students and professors, specializes in technologies enabling electronic displays that resemble printed paper.
The building was placed in receivership after the prior owner defaulted on a $19.8 million loan from Wells Fargo, leading to court-supervised sale.
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