Malls Get Second Life as High-Tech Company Campuses
A former shopping mall will be the new site of Google, Inc. after what has been described as the year’s biggest commercial real estate lease deal so far in Silicon Valley. The mall, which is being revamped into office space, is in Mountain View, Calif.
Google isn’t the only tech company that has caught onto the concept of using retail properties as company campuses. A provider of Web-based computing services paid $32.7 million for an abandoned, 1.2 million-square-foot mall in San Antonio for office space.