Facebook Inc (FB) is buying a 59-acre 10-building campus in Menlo Park
Facebook Inc (NASDAQ:FB) has made a deal to buy a ten-building Menlo Park campus of TE Connectivity that is spread across 59 acres. It has around 1 million square feet of space. The building is located at 300 Constitution Ave.
“The adjacent property we’ve agreed to purchase is an investment in our future. We have no immediate plans to develop the property,” stated a Facebook spokesperson in an email to BizJournals.
TE Connectivity spokeswoman Jane Crawford said that the deal for the campus is expected to officially close in around 90 days. TE Connectivity designs and makes for consumer electronics, telecommunications, aerospace, and other industries. TE Connectivity will lease back the facility for an undetermined time.