Google grabs new office building in Austin

SAN FRANCISCO following its real estate investments in the United States, Google signed a lease for a 35-story tower in Austin, which should be ready for occupancy in the second quarter of 2022.

The construction of the tower, which could house 5,000 workers, has already begun, the Austin-American Statesman newspaper reported Thursday.

However, Google did not comment on the transaction. The new tower at West Cesar Chavez and Nueces Streets will have 790,000 square feet of space, according to the report, citing local real estate sources. Alphabet, the parent company of Google, publishes its results on Monday.

In December, the search giant announced a $1-billion  investment for a new campus in New York City, CNBC reported.

In November, Google announced that it will spend $ 100 million to build a "mega campus" in San Jose, on a 5-hectare site, near the central office located in Mountain View, California. Earlier in 2018, Google had also acquired the Chelsea market in Manhattan for $ 2.4 billion, which has been considered as the largest real estate purchase of 2018 in the United States.

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