Billion-Dollar Deal: Google Pays $1 Billion For Huge Mountain View Business Park

In a head-spinning mega-deal, Google has paid $1 billion for a huge Mountain View business park, the Bay Area’s largest real estate purchase this year.
It is also the second-largest property purchase in the United States this year, eclipsed only by another Google acquisition, the $2.4 billion the company paid for Chelsea Market in Manhattan.
The newly acquired site in Mountain View, where Google has been the primary tenant, is larger than the property that accommodates the company’s Googleplex headquarters a few blocks to the west and also exceeds the size of the parcel across the street where Google is building an iconic “dome” campus that features canopies and tents.
“Wow. What a deal,” said Chad Leiker, a first vice president with Kidder Mathews, a commercial real estate firm. “This is an opportunity for Google to own more office space very close to their headquarters. That office space is becoming very rare in Mountain View.”
 
Read more starting at ‘Google’s Mountain View purchase means that in the two years’ at…………
Billion-dollar deal: Google pays $1 billion for huge Mountain View business park

Do you like our articles? What do you want to see or read about the wealthy?

This site uses Akismet to reduce spam. Learn how your comment data is processed.