Google LLC Leases Molinari-Martinelli Farm Near Mountain View HQ For 35 Years
California
See Similar DealsGoogle LLC Leases Molinari-Martinelli Farm Near Mountain View HQ For 35 Years
1851 Charleston Road
See Similar DealsSummary
The Molinari-Martinelli property located at 1851 Charleston Road in Mountain View has been leased by Google LLC for a period of 35 years. The property, spread across 1 acre, was originally a farmstead and will now be converted into a parking lot as part of Google's expansion plans for their North Bayshore campus. The lease agreement is valued at approximately $3 million.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $3 million
- Address: 1851 Charleston Road, Mountain View
- Market: Mountain View
- Tenant: Google LLC
- Landlord: Molinari-Martinelli Family - Leonard Martinelli
- Lease Terms: 35 years
This lease agreement between Google and the Molinari-Martinelli Family highlights Google's commitment to expanding their presence in Mountain View. With the conversion of the former farmstead into a parking lot, Google aims to accommodate the growing needs of their North Bayshore campus. This strategic move will contribute to the company's continued success in the area.
Details
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