8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)  October 4, 2005
                                                  ---------------

                                 NVE Corporation
                                 ---------------
             (Exact name of registrant as specified in its charter)

         Minnesota                     000-12196                 41-1424202
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(State or other jurisdiction          (Commission             (IRS Employer
      of incorporation)               File Number)          Identification No.)


11409 Valley View Road, Eden Prairie, Minnesota                        55344
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    (Address of principal executive offices)                         (Zip Code)

Issuer's telephone number, including area code  (952) 829-9217
                                                --------------


        -------------------------------------------------------------
        (Former name or former address, if changed since last report)

                                 ---------------

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (1 7 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



Item 1.01 Entry into a Material Definitive Agreement

On October 4, 2005 we received notification from Glenborough Properties, L.P.
and Carlson Real Estate Company, Inc., Minnetonka, Minnesota that Carlson
purchased from Glenborough the business center including our principal
executive offices and manufacturing facility at 11409 Valley View Road, Eden
Prairie, Minnesota, 55344. We lease the facility under an agreement dated
October 1, 1998 as amended September 18, 2002 and further amended
December 1, 2003. Our lease agreement as amended expires December 31, 2008. We
believe the lease agreement as amended applies to the new owner.

The notifications from Glenborough and Carlson are attached as Exhibits 10.1
and 10.2, respectively, and incorporated herein by reference.


                                       -2-



                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                          NVE CORPORATION
                                           (Registrant)

Date  October 10, 2005                    /s/ Daniel A. Baker
                                          -------------------
                                          By: Daniel A. Baker
                                          President and Chief Executive Officer



                                       -3-



                                 INDEX TO EXHIBITS

   Exhibit                          Description
   -------                          -----------
    10.1            Notification from Glenborough Properties, L.P.
    10.2          Notification from Carlson Real Estate Company, Inc.



                                       -4-

EX-10

September 27, 2005


Mr. Daniel Baker
President and CEO
Nonvolatile Electronics, Inc.
11409 Valley View Road
Eden Prairie, MN  55344

Re:   Transfer of Ownership
      Bryant Lake Corporate Center
      11405, 11409, 11411, 11413, 11415 Valley View Road, Eden Prairie, MN


Dear Mr. Baker:

Glenborough Properties, L.P. has sold Bryant Lake Corporate Center effective
September 27, 2005 to Carlson Real Estate Company, Inc. You should be receiving
a letter from the new owner notifying you of the purchase. All future mailings
and correspondence should go to Carlson Real Estate Company, Inc. Any monetary
obligations relating to the period prior to September 27, 2005 should be sent
to our office. Payments for monetary obligations relating to the period after
September 27, 2005 should be sent to Carlson Real Estate Company, Inc.

Sincerely,
Glenborough Properties, L.P.


/s/ Peter J. Chartz
Peter J. Chartz
Vice President


Cc:   Attention: Wayne Teig, Sr. Director
      Carlson Real Estate Company, Inc.
      301 Carlson Parkway, Suite 100
      Minnetonka, MN  55305

EX-10

                          CARLSON REAL ESTATE COMPANY


September 28, 2005


Mr. Daniel Baker
NVE Corporation
11409 Valley View Road
Eden Prairie, MN  55344

Re:   Bryant Lake Business Center


Dear Daniel:

Carlson Real Estate Company is excited to announce that we have closed on the
purchase of Bryant Lake Business Center.

This property fits well in our portfolio of real estate which is centered in
the western suburbs. We are a long-term owner, and currently own and manage
over 3.5 million square feet of office and industrial property. We look forward
to this opportunity to work with you and your business.

If you have any service requests, questions or need anything at all, please
contact Debbie Nelson or me at (952) 404-5000.

Sincerely,

CARLSON REAL ESTATE COMPANY, INC.

/s/ Larry Olimb
Larry Olimb, RPA
Senior Property Manager