Originally the property was supposed to be 200+ badly needed housing units, but I supposed with the 24/7 work culture at Google, people can just sleep in their cubicles anyways.
September 13, 2013
Google Leases Office Campus at Former Mall in Mountain View, Calif., from Rockwood, Four CornersBy Gail Kalinoski, Contributing Editor
Google, Inc. is leasing 500,000 square feet – the largest lease signed so far this year in Silicon Valley – at the former Mayfield Mall in Mountain View, Calif., which is being repurposed by Rockwood Capital, L.L.C., and Four Corners Properties, L.L.C. into Class A office space.
Once the site of the first enclosed, air-conditioned shopping mall in northern California, the 27.6-acre site at 100 Mayfield Ave. is adjacent to the San Antonio Caltrain station, it’s a 50-minute ride to downtown San Francisco.
It operated as a mall from 1966 to 1986 when Hewlett-Packard bought it and used it as an office campus until it later closed that site. The property had been set to become a 260-unit housing complex. When those plans fell through, Rockwood and Four Corners bought the site for $90 million in late 2012. At that time, it was the largest sale of office space in Silicon Valley, according to Kidder Mathews.
Neither the amount that Google is paying to lease the property, now being called San Antonio Station, nor the cost to renovate the buildings was released. A Google spokesperson would only confirm the lease and declined to discuss the tech giant’s plans for this site and whether it would affect other expansion in the region.
Kevin Cunningham and Jack Troedson of Cornish & Carey Commercial Newmark Knight Frank represented the property owners. Steve Berkman, real estate partner at the Paul Hastings law firm, represented the landlord in the lease negotiation.
“The renovation of the Mayfield Mall into a premier office campus will be a catalyst for the transformation of an evolving mixed-use urban location that benefits from rail,” Jason Oberman, vice president at Rockwood Capital, said in a joint release with Four Corners. “The repurposing of the former Mayfield Mall will incorporate the property’s historic architectural elements and will utilize green building techniques, modern design, and advanced building technology.”
Licensed by CC-by-SA