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● 03.05.12

●● Novell Sells Its Home

Posted in Novell at 7:11 am by Dr. Roy Schestowitz

Summary: The Novell Tower is up for sale

The following new video of the Provo HQ was uploaded some days ago to YouTube::

=> ↺ new video of the Provo HQ

It was days later that we began seeing articles like this one:

=> ↺ this one

The Salt Lake City Office of CBRE Group, Inc. (CBRE) announced that it has been selected by Novell, Inc., a global enterprise software leader and wholly owned subsidiary of the Attachmate Group, to arrange the sale/leaseback of Novell Tower and the sale of six office buildings in the adjacent East Bay Business Park. The campus includes a total of nearly 900,000 SF of office space.

Here is more from the local press:

=> ↺ from the local press

Novell Inc. announced Monday it has selected CBRE Group Inc. in Salt Lake City to arrange the sale/lease back of the Novell Tower and the sale of six office buildings in the adjacent East Bay Business Park in Provo. Novell will continue to manage the day-to-day operations of the property without change after the sale.According to a CBRE news release, the sale will include a total of nearly 900,000 square feet of office space. While Novell will lease back the Tower and cafeteria portions of the property, the other six buildings, currently occupied by a number of companies or vacant, will be sold and not leased back.

More here:

=> ↺ here

The Salt Lake City office of CBRE Group Inc. has been selected to handle the sale of six office buildings owned by Novell Inc. in Provo’s East Bay Business Park.CBRE also will try to arrange the sale and lease back of the adjacent Novell Tower, an eight-story, 397,346-square-foot structure that will continue to house Novell’s operations in Utah.“Provo is the center of technology and technological innovation in Utah, and Novell has been a big part of the city’s evolution and rich history,” said Bob Flynn, president of Novell.

We may come back to this subject later. The important thing is, for the time being, Novell is being liquidated and dismantled under Attachmate’s leadership. █

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