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No Word on Google’s Plans for Latest Real Estate Gobble

Google’s $1 billion purchase of nine addresses in two separate transactions represents 1.2 million square feet of buildings and land that were once owned by Yahoo! in Moffett Park.

Former Yahoo HQ Yahoo’s headquarters were once located at 701 First Ave. in Sunnyvale (credit: siliconvalley.com).

SUNNYVALE, CA—Google’s purchase of nine addresses in two separate transactions represents 1.2 million square feet of buildings and land that were once owned by Yahoo! in Moffett Park, according to documents filed with the Santa Clara County recorder’s office. The $1 billion properties were acquired by Verizon in connection with its acquisition of Yahoo! and had served as a home to Verizon Media.

The campus consists of land and improvements containing office buildings totaling approximately 940,000 square feet plus a development site with entitlements to build an additional 340,000 square feet. Verizon Communications Inc. acquired the properties on First Avenue, Java Drive, Bordeaux Drive and North Mathilda Avenue as part of its $4.48 billion purchase of Yahoo! in 2017. Yahoo!’s headquarters were once located at 701 First Ave.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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