Friday, October 3, 2014

Google to Take Over Juniper's Old Sunnyvale Campus

Google will assume the leases for Juniper's old 3-building campus on Mathilda Avenue in Sunnyvale, California.

Juniper recently moved into a new headquarters across the street.

In an SEC filing, Juniper calculates that transferring the leases on the old buildings to Google will help it avoid $112 million in future rent obligations.

Google has been expanding rapidly in Sunnyvale and nearby Mountain View, in the heart of Silicon Valley.