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
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024