SiliconBeat

VeriSign has agreed to sell its facilities at 675 and 685 E. Middlefield Road in Mountain View. The buildings make up 159,000 square feet of the 290,000 square feet the company now owns and occupies as its headquarters on East Middlefield Road, according to an SEC filing Wednesday.

The buyer, listed as PR III Middlefield Road, will pay $49 million for the property upon completion of its due diligence review, and may terminate the sale for any or no reason.

VeriSign has agreed to lease back the properties for 30 months after the sale is completed, which is expected to take place later this month, paying $12.5 million or about $2.62 per square foot per month. Verisign will also have the option to extend the lease for five more years when it expires.