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June 15, 2006

Google Buys Headquarters For $319 Million

Read complete article from Search Engine Watch Blog

Last night I was notified of a SEC Filing showing Google has entered into an agreement to purchase their headquarters (The GooglePlex) for $319 million. Of the $319 million, $10 million was already placed into escrow on June 9. Google is technically buying 1600 Amphitheatre Parkway and 1200-1500 Crittenden Lane, Mountain View, California, about 978,066 square feet of land. In addition to the $319 million price tag, Google has to pay $315,000 per month to the city; $140,000 per month for ground lease and $175,000 per month for rent with rent increases of 4 percent to 7 percent.
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