Vast campus is key hub for software leviathan
MOUNTAIN VIEW — Microsoft has paid well over $300 million to buy a huge Mountain View tech campus the company occupies, a fresh sign of how the software leviathan has established its roots in Silicon Valley.
In a $330 million deal, Microsoft bought an office and research hub at 1045 La Avenida Street in Mountain View, where it now operates, documents filed on Sept. 4 with the Santa Clara County Recorder’s Office show.
Washington state-based Microsoft bought the campus through an all-cash transaction.
Mission West Properties, a veteran real estate and development firm that acted through an affiliate, sold the the campus to Microsoft, according to the public documents.
In 2017, Microsoft unveiled plans to revamp and reconstruct an existing campus in Mountain View as an upgraded complex totaling 643,000 square feet.
The tech company began moving into the complex in late 2019. The campus is large enough to accommodate 2,000 to 3,000 workers....
RSK: Owning is usually better than leasing...usually not always. On the flip side, the sellers have just egg nested millions of dollars and what to invest in now is the question. I`d stick with real estate.
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- - Volume: 24 - WEEK: 37 Date: 9/12/2024 9:36:09 AM -