Microsoft solidifies Silicon Valley presence with $300 million acquisition of Mountain View research center
Bay Area, California – Microsoft has completed the acquisition of a sizable tech campus in Mountain View for nearly $300 million, further augmenting its Silicon Valley footprint and among the biggest real estate purchases in the area this year. Valued at $330 million, the agreement was for the office and research center housed at 1045 La Avenida Street, where Microsoft has been functioning and lately opted to confirm its roots with a permanent buy.
Mission West Properties, a seasoned real estate company noted for its portfolio of high-value ventures, sold the university to Microsoft. Completed entirely in cash, the transaction was noted on September 4 with the Santa Clara County Recorder’s office. This smart action not only emphasizes Microsoft’s will to increase its technology presence but also its trust in the tech-driven real estate market of the Bay Area.
When Microsoft revealed plans to renovate and enlarge the current Mountain View campus in 2017, it was the first indication that the company plans to keep the property for long period. Now spanning about 643,000 square feet, the rebuilt building may house between 2,000 and 3,000 workers, therefore serving as a major employment hub for the corporation in the area.
Positioned near the junction of U.S. Highway 101 and State Route 85, the university boasts a prime location in the center of Silicon Valley, close to other main tech centers, and easily reachable via main lines of traffic.
Mission West Properties had leased the 33.3-acre land to Microsoft for several years prior to this purchase, therefore giving the tech behemoth a presence in the region that has now resulted in a complete ownership arrangement. Ranked second in Santa Clara County by dollar value for 2024, this transaction follows only behind Nvidia’s $374.3 million acquisition of three buildings in nearby Santa Clara in May.
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Microsoft has progressively added more Bay Area real estate over years. Apart from the recently acquired campus, the corporation has bought several houses in and around Mountain View as well as undeveloped land in north San Jose, notably in the Alviso area, so indicating a long-term dedication to its activities and expansion in the area.
