Wed. Nov 20th, 2019

Google spend $ 1 billion on properties near its headquarter

1 min read

The Internet company spent $ 1 billion on a large office park near its headquarters in Mountain View, California.  Over the past year, Google has conducted a number of large real estate deals to expand its presence in the United States. Google confirmed the $ 1 billion purchase price of HCP Inc., with the agreement that it is now Bay Area’s largest real estate transaction in 2018. Instead of continuing to lease buildings as needed, this acquisition allows Google to better improve them in the future.
Google’s business park in the agreement is larger than its Googleplex headquarters, located  blocks away. Google’s latest land acquisition, known as Mountain View Shoreline Technology Park, is a 51.8-acre site with 12 buildings. Currently, the other tenant besides Google is Alexza Pharmaceuticals. Google declined to comment on their purchase

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