Samsung Electronics Purchases Its 8.5-Acre Mountain View, California, Campus
05/06/2015
TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, in partnership with Farallon Capital Management leased the property to Samsung in 2012, prior to obtaining entitlements, as a build-to-suit with a 15–year lease term, which provided Samsung a purchase option after completion. Samsung exercised the option and now owns the property.
"We are extremely pleased to have had this opportunity to create a world-class headquarters in Mountain View for Samsung," said Michael Covarrubias, Chairman/CEO of TMG Partners. "The project is a great example of cooperation between the City of Mountain View, Samsung and the neighborhood."
"TMG Partners exceeded our expectations and was a great partner helping Samsung to achieve our corporate real estate objective of locating our research and development engineers in a state-of-the art facility," said Marc Ketzel, Vice President of Samsung Research America. "Ultimately, TMG completed the project under budget and ahead of schedule. We are very proud to now be a part of this thriving community and provide our employees a fantastic work environment.”
Rocky Fried, Managing Member at Farallon, said ''We were gratified to partner with TMG to develop and improve this world-class property that we believed, in time, would be attractive to a world-class organization like Samsung.”
TMG's Samsung project included founding the Mountain View Transportation Management Association and leading the launch of the new MVgo shuttle system that provides free last mile rides to Mountain View employment campuses and Caltrain.
Project Announcements
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
ESS Technologies Expands Montgomery County, Virginia, Operations
05/02/2024
Martin’s Famous Potato Rolls and Bread Expands Franklin County, Pennsylvania, Operations
05/02/2024
StandardAero Expands Augusta, Georgia, Operations
05/02/2024
Nextracker-JM Steel Expand Leetsdale, Pennsylvania, Operations
05/01/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024