BlackBerry sells its US headquarters buildings in Texas

While the financial particulars were not disclosed, BlackBerry has sold the buildings that make up its headquarters base of operations for the United States in Irving, Texas. A Canadian investment company, Brookfield Property Group will be taking ownership of the 460,000 square foot facility.

BlackBerry bought the buildings in 2009, but has since been in the process of laying off nearly half its workforce. Often when companies sell hard assets like this, they remain tenants on a lease agreement with the buyer. No word if that is the case here or not.

The company formerly known as Research in Motion has been going through quite an adjustment the past few years. While it goes through the motions that most struggling companies go through, it continues to push forward with its BlackBerry 10 OS with recently appointed CEO John Chen at the helm.

Hard assets like property can add a lot of unnecessary overhead and with BlackBerry’s need to focus on not only staying relevant in developing markets, it needs to hold on to its enterprise and government customers too. Word on the street is that BlackBerry will focus its business locations based on being able to address those needs better.

sources: Dallas News via BerryReview

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21 Comments

1. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

soon the seo will sell his underwear to.

2. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Dude, that's a cold joke. -__-'

3. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

but its true. they need to turn it around ASAP

4. KenAdams

Posts: 55; Member since: Feb 17, 2014

They need to adopt Android

7. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

They need to adopt Windows Phone... Lol.. No seriously, we need some choice in the market... How boring would it be if ever handset ran Android?.. That's not smart.

12. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Yes, but they could fork it like Fire OS or Nokia X Platform, add their security aspects and proprietary servers, make their own app store and control it to give piece of mind, and lose dead weight. Forked Android will cost them nothing, Windows licenses would cost them a lot. The clock is ticking for these guys.

15. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

I was just joking, and if anything I want them to push on with BB10, and BB11... I'm all about there being more valuable choices then 3,, and giving us yet another Android centric OEM is not in any way helping anyone... Except Google, but they don't need help!

5. cleat-glitch

Posts: 109; Member since: Feb 07, 2014

i heard there is a nother big hardware/software company going to build a headquarters...they better take notes

6. JerryTime

Posts: 468; Member since: Nov 09, 2013

Either that or Apple and or Samsung bought it to stockpile Money in mattresses. ;-)

8. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

What's up with Irving... Nokia, and Microsoft have huge office's right next to each other in this same area.. I know because I used to live right down the street...

9. JerryTime

Posts: 468; Member since: Nov 09, 2013

Texas is centralize to the rest of the United States so a lot of companies have HQs or secondary HQs in Texas in general. Dallas is overrun with them as well.

10. JerryTime

Posts: 468; Member since: Nov 09, 2013

Central* wow I dunno how I messed that up so bad.

11. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

Yeah, there's a lot of corporate offices here in Dallas Fort Worth... I live in Arlington, and I've seen it all... I love DFW!!

13. JerryTime

Posts: 468; Member since: Nov 09, 2013

I live in VA, but one if my good friends used to live in Addison, i love it there and used to visit frequently. We might end up there once my lady finishes her doctorate.

16. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

Yes, Addison is VERY nice.. You will love it there.

14. ThePython

Posts: 902; Member since: May 08, 2013

Sold their building because they're not wall huggers.

17. apiskula

Posts: 578; Member since: Jan 25, 2013

Just sell of the entire company already. You are not making a comeback!

18. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

That's what they said about Apple..

19. NewroticSlob

Posts: 182; Member since: May 09, 2013

Apiskula, your views on the BB's future is insightful and educational. How do you come up with such information? Please, give us some specific insider secrets you have for Blackberry. When will they sell off the company assets and close shop? Who will buy their assets? Perhaps you need to create a blog to share your insightful thoughts about Blackberry instead wasting your comments here.

20. apiskula

Posts: 578; Member since: Jan 25, 2013

See typical liberals like yourself do no see the writing on the wall. The company is not going to survive and is a complete failure. They have no leadership from top to bottom, execs are leaving for greener pastures and they release phones that have specs from 3 years ago. Do I need to explain myself anyomre?

21. thealphageek1

Posts: 942; Member since: Feb 02, 2013

What your troll-a** needs to do is take a spelling course. Every post you put up has misspelled words. What are you, 4 years old? And no one takes your illiterate, non-constructive posts seriously, as ALL YOU DO is attempt to predict the demise of BlackBerry. Get a LIFE already.... NO ONE takes you seriously... not even your mom. Does she even know her 4 year old is on her phone again?

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