Commvault sells corporate HQ for $36M to Somerset Development, leaseback planned

COMMVAULT SYSTEMS INC

Purchase price $36M; buyer Somerset Development LLC; closing expected in H2 FY2025.
Initial deposit of $1.5M, with $25K non-refundable; balance held in escrow.
Seller retains ownership of data center equipment and generators; leaseback lease agreed.
Buyer accepts property 'as-is'; Seller makes limited representations and warranties.
Transaction subject to customary closing conditions; no financing contingency for buyer.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.