Google Expands Holdings in Downtown San Jose

May 15, 2020

Google Expands Holdings in Downtown San Jose

Google has continued to expand its investment in downtown San Jose property in their quest for a transit-oriented village near the Diridon train station and SAP Center. The most recent acquisition came at the beginning of this month with the purchase of a 5,600 square foot commercial building at 50 S Montgomery Street.

The tech titan has been purchasing property in this area since December 2016. Google has now spent $409.3 million on an assortment of office and industrial buildings in the downtown San Jose area surrounding Diridon station.  

The proposal from Google is a sprawling campus that is integrated into the surrounding community with homes, restaurants, nature trails, and retail in addition to the office spaces.

“The Montgomery property was purchased at $623 a square foot,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use consultancy. “Its location made it a must-buy for Google.”

For more information and details, see the original article in the Mercury News linked here:

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