Quantcast
help information
Overcast
70.3 ° F
Full Weather

Kaiser Wins Bid To Lease Webvan Warehouse

Kaiser Permanente has won the bidding war to assume the lease for a high-tech warehouse formerly used
by Webvan.

Foster City-based Webvan, an online grocery service, filed for bankruptcy in July.

The Oakland-based HMO will take over the
warehouse, equipment and software used by the defunct dot-com. Kaiser will pay more than three-point-five (m) million dollars for the technology and
machinery that make the automated warehouse function.

The HMO outbid Louis Borders, founder of Webvan and the Borders bookstore
chain.

Two firms are handling the sale of Webvan´s warehouse equipment, computers, trucks, office furniture and other hard assets.