Quantcast

The Real Deal Los Angeles

Move over Amazon, Google’s got some news of its own

The tech giant is paying $1B for an office complex near its Mountain View HQ
November 27, 2018 10:00AM

Shoreline Technology Park (Credit: Wikipedia)

Alphabet Inc., Google’s parent company, has just scooped up a $1 billion business park near its Mountain View headquarters.

The tech behemoth purchased Shoreline Technology Park, a 51.8-acre property a few blocks away from its Googleplex, Bloomberg reported. Google is already the main tenant of Shoreline’s 12 buildings.

Google’s been on something of a real estate tear.

The company recently bought up property in nearby Sunnyvale for $160.3 million, according to the Mercury News in San Jose. Earlier this year, Google closed on its $2.4 billion purchase of the Chelsea Market building in New York City. The company is also trying to buy property in San Jose for a new campus, but the deal is being challenged by two nonprofits that filed a lawsuit to block the $67 million deal.

Google’s latest massive real estate purchase comes on the heels of another tech giant announcing the location of its new headquarters. Amazon will be splitting its new HQ2 between Long Island City in Queens and Crystal City in Arlington, Virginia. The company is also opening a regional hub in Nashville, Tennessee. [Bloomberg]Kathryn Brenzel