Google Invests $1 Billion on Real Estate in Mountain View
Google has closed a $1 billion deal for a 51.8-acre business park next to its Mountain View, California, headquarters.
The acquisition of the Shoreline Technology Park in Mountain View covers a larger area than the company’s existing headquarters, according to the Mercury News, which reported the deal.
A Google representative confirmed the $1 billion purchase price for the office park but didn’t comment beyond that.
Google has recently grabbed more office space in nearby Sunnyvale, where the company has placed its cloud-computing division. Google’s plans for a $67 million land purchase in San Jose.
Earlier this year, Google purchased Manhattan’s Chelsea Market for $2.4 billion to expand in New York (Chelsea Market in Manhattan).