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Google has paid a billion dollars for the purchase of a large business park located near its headquarters in Mountain View, California, according to a report released Wednesday by Mercury News.
According to the report, the commercial park that Google will acquire in the market is larger than the headquarters of the Googleplex, located a few blocks away. The parcel of land is also larger than Google's "Charleston East" campus, which will feature futuristic domes and awnings.
This is the latest major real estate purchase from Google and the parent company Alphabet, while the aggressive expansion plans of the internet giant are swelling. As of September 30, Alphabet employed 94,372 people, an increase of about 16,000 over the previous year.
And with more than $ 100 billion in cash and short-term securities on its balance sheet, Alphabet can afford to buy real estate.
Read more: Here are the latest plans for Google's new crazy campus
The $ 1 billion purchase is the largest real estate transaction in the Bay Area in 2018 and the second largest in the United States. Only Google's $ 2.4 billion acquisition of the Chelsea Market in Manhattan, New York State, says the report.
Google's newest land acquisition, known as Shoreline Technology Park, is a 51.8-acre site comprising 12 buildings. Currently, the only other tenant, apart from Google, is Alexza Pharmaceuticals.
Google did not immediately respond to a request for comment.
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