Microsoft Pays $330 Million for Silicon Valley Campus
WRE News September 9, 2024
Buyer
WRE News September 9, 2024
Buyer
Microsoft Corp. (NASDAQ: MSFT) is paying $330 million to purchase the Silicon Valley campus it has been leasing for the past five years.
Tribune News Service reported the tech giant acquired the Mountain View property in an all-cash transaction. The real estate development firm Mission West Properties was the seller in the deal.
The 33.3-acre site is Microsoft’s primary campus and employment hub in the Bay Area and features a 643,000-square-foot complex that can accommodate up to 3,000 employees. It is located next to the interchange of U.S. Highway 101 and State Route 85.
The sale is the largest real estate purchase in California’s Santa Clara County this year, as determined by dollar amount, as well as one of the largest in the Bay Area.
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