Google Inc. has purchased a new, big office complex in its home town Mountain View, according to new reports.
With this, the company has become the largest-property purchaser in Silicon Valley for the running year. The search giant reportedly purchased the 240,000 square foot office for near about $100 million. City officials have also confirmed that the existing zoning guidelines will allow the company to retain as much as 960 employees within the new office infrastructure.
The location of this new property purchased by Google is right next to the company's primary headquarters. Google vice president of real estate and workplace services David Radcliffe stated that the decision to go ahead with the purchase was taken in order to accommodate workplace for its newly recruited employees.
"Google is like Pac-Man ... They are gobbling up everything in one corridor and then going up another corridor," Jim Beeger, a senior vice president with realty brokerage Colliers International, expressed his views on the purchase, according to a report by the GMA News (opens in new tab).
"I haven't seen anything quite like this in Silicon Valley. Apple and Cisco have had some bursts of expansion. But they haven't taken this much space," Beeger added.