Judging by recent acquisitions, Google loves Mountain View.
The Silicon Valley Business Journal reports that the search giant, in its largest property purchase of the year, just paid $235.5 million to acquire a six-building portfolio in Mountain View. This includes two buildings currently leased to another blue-chip corporate tenant, Symantec.
The transaction, which totaled just over 400,000 square feet of office space, is the latest in a string of major leases and acquisitions for Google. Many of those deals have closed in the third quarter as the search giant continues a breathtaking expansion and hiring binge.
The Journal goes on to detail the properties:
- Mountain View Technology Center, a 131,500-square-foot, two-building project at 313 and 323 Fairchild Drive, for which Google paid $82.2 million, or $625 per square foot.
- Gateway Center, a 236,400-square-foot project at 401 Ellis St. and 500 E. Middlefield Drive. Google paid $138.8 million, or $587 per square foot.
- 485 and 495 Clyde Ave., a pair of R&D buildings totaling 64,800 square feet. Google paid $15 million, or $230 per square foot.
Google has leased the Fairchild Research Center since June 2011. Symantec currently occupies Gateway Center, and OpenTV, a television-tech company, is the main tenant in the Clyde Avenue buildings.