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September 16, 2019
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NORTHERN CALIFORNIA NEWS
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Google Completes $1 Bil Purchase from Verizon in North Sunnyvale

7/25/19

In what we understand to be the most expensive Bay Area sale so far this year, Google has acquired multiple properties in Sunnyvale from Verizon for around $1 bil, according to the Mercury News. The buildings are all in North Sunnyvale and include the Yahoo HQ complex.

Per the Mercury News piece, the acquisitions total nine properties and are located on First Ave, Java Dr, Bordeaux Dr, and North Mathilda Ave. Google had previously acquired significant holdings in Sunnyvale and, per industry pundits, is looking at long-term plans to build-out a larger campus and mixed-use community there, and possibly in other parts of the Bay Area as well.

The other potential locations would be San Jose and Mountain View, where Google completed a previous, $1 bil property buy in late 2018. These plans would likely include the creation of needed housing along with restaurants, retail and local parks.

With this latest acquisition, Google’s real estate holdings in northern Sunnyvale total around 50 parcels with a combined value of $2.4 bil, according to figures from the Mercury News. Google’s ownership in the region extends to additional properties in Redwood City, Mountain View, Palo Alto, San Jose and North San Jose.







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