Alphabet pays $215 million for 550,000 square-foot office center

Alphabet pays $215 million for 550,000 square-foot office center
Alphabet's YouTube division will be expanding significantly, acquiring the 554,000 square-foot Bayhill Office Center for $215 million.

The five-building campus is located in San Bruno and is adjacent to the company's existing headquarter buildings.



Bayhill is currently full and existing tenants include Oracle, Walmart Labs and a plethora of smaller companies. It is unclear if prices will go up for tenants, or whether YouTube wants a good portion of the space for themselves.

Source:
bizjournals



Written by: Andre Yoskowitz @ 19 Jan 2016 21:50
Tags
YouTube Alphabet Real Estate
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