Business & Real Estate

Hewlett Packard Enterprise sells Roseville campus

Ken Haines, a Unix technician with Hewlett Packard, worked on a Rhapsody mid-range Unix server at Hewlett Packard's Roseville, CA. offices on Wednesday April 18, 2001.
Ken Haines, a Unix technician with Hewlett Packard, worked on a Rhapsody mid-range Unix server at Hewlett Packard's Roseville, CA. offices on Wednesday April 18, 2001. The Sacramento Bee

Hewlett Packard Enterprise Co. has sold its Roseville campus but will lease it back.

Company spokesman Emmanuel Fyle confirmed the transaction in a Monday email.

The email said that Hewlett Packard Enterprise, based in Palo Alto, “continuously evaluates our real estate portfolio so that we can efficiently utilize our space for our current and future needs. Most recently, we finalized the sale of our Roseville campus and have leased back space to support our employees and operations in the area.”

In the email, Fyle added: “We remain committed to Roseville and partnered with the new owner to minimize any impact to our employees.”

The campus was sold for $105 million to the San Francisco-based Strada Investment Group, according to the Sacramento Business Journal, which first reported the deal.

However, calls seeking confirmation from Strada were not returned on Monday, and the Placer County Clerk-Recorder office said it did not now have documentation of a finalized sale.

Likewise, Fyle declined to confirm the specifics of the deal.

In November 2016, Hewlett Packard sent a notice to the state Employment Development Department that 115 layoffs would be coming in Roseville. It was the latest round of downsizing for the local campus.

HP once employed more than 6,000 workers in Roseville, but a series of layoffs over the past 15 years has reduced the population by about two-thirds.

Hewlett Packard Enterprise is one of the companies formed when the old Hewlett Packard Co. split in two in 2015 after years of job cuts and attempts to adapt to the age of mobile computing. It makes servers, software and other products. The other company, HP Inc., makes printers and personal computers.

Mark Glover: 916-321-1184, @markhglover

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