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Categories: google Netapp SAP

@Google has paid just over $210 million for buildings, land and parking garage in Sunnyvale that had been owned by @NetApp. The $210.3 million transaction was completed on Dec. 7, Santa Clara County property records show. Included in the Sunnyvale property purchase by Google was three NetApp office buildings, two on East Java Drive and one on Crossman Avenue, a parking that fronts on Geneva Drive — and some or all of a big piece of empty land that is on Geneva Drive, county recorder’s and assessor’s files show. The locations of the properties, sited on a mega-block in Sunnyvale bounded by East Java Drive, Geneva Drive, Caribbean Drive and Crossman Avenue suggest that Google could be well on its way to creating a mini campus for itself. This block is adjacent to, or near, dozens of other properties in Sunnyvale that Google bought this year. All told, Google has spent around $1 billion buying buildings and land in Sunnyvale this year. Mountain View-based Google and Sunnyvale-based NetApp struck a deal on Sept. 11 for the property sales, according to a Securities and Exchange Commission filing posted with the SEC that month. The acquisitions consisted of a 127,000-square-foot building at 495 E. Java Drive, a 133,000-square-foot building at 475 E. Java Drive and a 121,000-square-foot building at 1330 Geneva Drive, the SEC documents stated. But what wasn’t disclosed with any detail in the SEC filing was the transfer to Google’s ownership of a portion, or all, of a big piece of vacant land with an official address of 1350 Geneva Drive that has a construction entrance sign posted on it. That land was still empty as of Friday. Google appears to be pushing forward at a brisk pace in its quest to occupy additional buildings. The search giant will rent to NetApp one of the buildings for an unspecified period before NetApp is obliged to depart from the property. “Seller (NetApp), as tenant, will lease back from the buyer (Google), as landlord, one of the buildings for a limited term,” according to the SEC filing. This week’s property purchases by Google arrived on the heels of the company’s acquisition of about 45 buildings in the same area of Sunnyvale, a district known as Moffett Park, and two small buildings in September. So far during 2017, Google has spent roughly $1.05 billion to scoop up properties in this part of Sunnyvale alone. Google has approached multiple Sunnyvale property owners with an interest in obtaining their properties, according to David Vanoncini, a senior vice president and managing partner with Kidder Mathews, a commercial realty brokerage. But all of this activity in Sunnyvale is just one facet of the areas of interest that have emerged for Google’s future expansion. Google has been buying and leasing buildings and property, and sketching out development plans near the company’s GooglePlex headquarters campus in northern Mountain View. Plus, Google and its development ally Trammell Crow are buying properties in downtown San Jose in a neighborhood of offices, shops, older industrial buildings and empty parcels that would become a transit-oriented Google village near the Diridon train station and SAP entertainment center. The tech giant hopes to build 6 million to 8 million square feet of offices as the primary feature of the transit village on the west side of downtown San Jose, where 15,000 to 20,000 Google employees could work.

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