Google Acquires Industrial Property In Red Oak, Ellis County For $600M

The industrial property located at East Ovilla Road & North Central Boulevard in Red Oak, Ellis County has been sold in a closed transaction. The property spans 16,335,000 square feet (SF) and was purchased by Google. The sale price for this asset was $600,000,000, resulting in a price per square foot (PPSF) of $36.69.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $600,000,000
• SF: 16,335,000
• PPSF: $36.69
• Buyer: Google

This significant transaction involved Google's acquisition of the industrial property at East Ovilla Road & North Central Boulevard. The details include the sale price of $600,000,000, the total area of 16,335,000 square feet, and a price per square foot of $36.69. The buyer, Google, made this notable investment in the industrial market.