Facebook to Announce Acquisition of New Headquarters on Feb. 8
The world's largest social networking company is planning a media event Tuesday -- ostensibly to announce the purchase of a former Sun Microsystems campus on the San Francisco Bay.
Next Tuesday, Feb. 8, rapidly expanding Facebook apparently will
announce that it has bought itself a new headquarters -- the former Sun
Microsystems campus in Menlo Park, Calif., located on the shores of the
San Francisco Bay.
The world's largest and busiest social networking company, which has not officially confirmed this, is planning a media event Tuesday morning at Menlo Park City Hall to make the announcement.
All a Facebook spokesperson would say on the record is that "the press event on Tuesday at Menlo Park City Hall is regarding a campus that will fit our long-term business needs."
Another public clue to all of this turned up in a Jan. 28 agenda item for a committee hearing on the Menlo Park city budget, which involved "finalizing land use entitlements for a new tenant at Sun campus."
Other Sources Confirm the Deal
Other local sources not affiliated with Facebook -- including one of the contractors who will be refurbishing the campus -- confirmed the acquisition to eWEEK, although due diligence in the transaction apparently is still being performed.
Two days after Christmas 2010, Facebook quietly acquired two neighboring properties to the former Sun campus, 312 and 314 Constitution Drive. San Mateo County property records indicate the land was bought by a shell company, Giant Properties LLC, which lists the address Facebook uses in Palo Alto.
The former Sun campus at 17 Network Circle -- at the intersection of Bayfront Expressway and Willow Road -- was built by Sun in the early 1990s and was the site of much of Sun's Java, server and mobile applications research and development. All of the company's marketing groups were located there, as well as an impressive executive conference center.
The site, a series of modern-looking multicolored office buildings that encircle a parklike central area, once situated more than 2,000 employees.
The location has been described as looking like a large movie studio or movie set, due to its colorful exterior.
Facebook's current headquarters is a former Hewlett-Packard building located a few blocks from the Stanford University campus in a residential neighborhood of Palo Alto. The company moved into that building in July 2009 from its former offices in downtown Palo Alto, where it had been for three years.
The city of Menlo Park, like so many other municipalities around the nation, certainly will welcome the addition of a multi-billion-dollar-earning company such as Facebook.
The city, located about 30 miles south of San Francisco, has suffered a major loss of property tax revenue during the last three years due to the slumping macroeconomy. A number of downtown businesses -- mostly automobile sales and other retail businesses -- have been forced to close their doors since 2008.