CRANBERRY TWP — The 824,000-square-foot Westinghouse Corporation campus in Cranberry Woods is under contract to be sold.

Columbia Property Trust, the property owner, announced Tuesday the expected sale in early 2020 of the three-building campus to an undisclosed buyer. Westinghouse renewed its lease in 2017, extending its occupation through 2032.

Westinghouse referred the Eagle to Columbia for comment. Columbia declined to comment further than saying the property was under contract for sale.

Because the lease is signed for the next 13 years, the township isn't concerned that the company, which once employed about 5,000 people at its Cranberry headquarters, will relocate.

“Westinghouse doesn't own that property. They lease it,” Jerry Andree, Cranberry township manager, said. “There's no concerns about Westinghouse being relocated. They're not concerned about any changing in their operations.”

In its 2017 annual report, Columbia stated it was examining the disposition of its Cranberry property, which it has owned since 2010, along with two in Atlanta, to focus its portfolio more on its primary markets in New York, San Francisco and Washington, D.C. This January, the company began courting buyers for the Cranberry Woods site.

Westinghouse filed for Chapter 11 bankruptcy in March 2017, requiring the restructuring of the electric operations. The restructuring was completed in August 2018 when Toshiba sold the business to Brookfield for $4.6 billion.

Following the sale, Westinghouse employs fewer people at its headquarters and utilizes less space on its 19-acre site. Because of that, Andree said, the electric company sublets space on its campus to other businesses.

The price of the Westinghouse property sale was not immediately available, although Columbia reports it expects a combined $245 million to $265 million for the sales of that site and a 262,000-square-foot office in Pasadena, Calif.