Business Services Industry
UNOVA Completes Sale of Headquarters Building
Business Wire, Dec 24, 1998
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 24, 1998--UNOVA Inc. (NYSE:UNA) Thursday completed the previously announced sale of its Beverly Hills headquarters to North Crescent Realty V, an affiliate of Pacific Capital Group Inc., also of Beverly Hills.
UNOVA expects the transaction will result in an after-tax, nonoperating gain of approximately $23 million.
The property comprises 125,000 square feet of office space, plus an adjacent parking structure and common area. UNOVA will remain a tenant in the complex until it moves to its new location at 21900 Burbank Blvd., Woodland Hills, Calif. 91367 in the Spring of 1999.
With headquarters in Southern California, UNOVA is a $2 billion industrial technologies company.
It has leadership positions in manufacturing systems and machine tools for the global automotive, aerospace and general metalworking industries and for automated data collection, mobile computing, bar code and radio frequency identification systems for industrial, distribution, transportation, logistics, and government applications.
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