Google Buys Mountain View Buildings from Lane Partners and PIMCO
SILICON VALLEY BUSINESS JOURNAL
MAY 22, 2015
Google Inc. snapped up a couple buildings in Mountain View, adding to its holdings south of Highway 101 near the Sunnyvale border.
Google paid $18 million for the property at 880 Maude Ave. and 420 Clyde Ave., public records show.
The building on Maude is about 20,000 square feet and sits on 1.4 acres, while the building on Clyde is 16,758 square feet and sits on a little over an acre.
The purchase price comes to about $486 per square foot by building area.
The buildings create an important corner just on the other side of Highway 237 at W. Maude and Clyde avenues. They are also located in a neighborhood where Google has been assembling land, most notably in a 2014 deal with Boston Properties that gave Google seven buildings at the end of Logue Avenue.
The area is one of the more diverse business districts in Mountain View, with a number of tech tenants, wholesalers and medical companies calling it home.
Google declined to comment.
The seller in the latest deal was a joint venture of Lane Partners and Pimco.