Google Buys Essex Property Trust Building in Palo Alto for $18MM

 

925 E Meadow Dr Palo Alto Google

In a seemingly insatiable appetite for commercial property, Google had picked up another gem in Palo Alto. This time, it is the former headquarters of Essex Property Trust located at 925 E. Meadow Dr. in Palo Alto for which Google paid $18 million, or just over $1,034 per square foot for the 17,404 square foot building.

The purchase marks just another building the Mountain View technology giant had purchased in Palo Alto’s East Meadow Circle. Google had acquired 10 buildings since 2013 in the same neighborhood, and with this one, it had rounded off a large part of the corporate park.

No plans were announced regarding this building or the previous 10 at this point in time.

West Coast Commercial Real Estate News