BlackBerry Finds Taker For Canadian Real Estate

Law360, Los Angeles (March 21, 2014, 4:52 PM EDT) -- BlackBerry Ltd. has entered an agreement to sell most of its extensive real estate holdings in Canada, which includes 3 million square feet of office space, in a move to increase operational efficiency, the struggling smartphone maker announced Friday .

Blackberry did not say who was purchasing the real estate holdings — which also includes vacant lands — and did not release the sale price, but did say it would be leasing back some of the office space.

“The successful sale of property in Canada will...
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