Facebook Leasing New Office Space From Kylli in California -- Update
23 January 2019 - 12:19PM
Dow Jones News
(Adds details)
By Maria Armental and Stephen Nakrosis
Facebook Inc.'s augmented and virtual reality division is
expected to move into new Bayfront office space in what is being
billed as one of the largest lease deals on the San Francisco
Peninsula.
Menlo Park, Calif.-based Facebook signed a long-term lease for
Burlingame Point, a roughly 803,000-square-foot office campus under
construction in nearby Burlingame, midway between San Francisco and
Silicon Valley.
A company representative declined to comment on the length of
the lease.
The campus, expected to open in 2020, would house Facebook's
AR/VR division, which currently employs some 3,000 workers.
"The new state-of-the-art space will give our team room to grow,
innovate, and continue to scale AR, VR, and consumer hardware
technologies to people around the world," a company representative
said in a statement.
Burlingame Point, developed on a former drive-in site by
China-based Genzon Investment Group Co.'s Kylli, sits on more than
18 acres on the edge of San Francisco Bay.
Cushman & Wakefield PLC represented Kylli and JLL
represented Facebook.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 22, 2019 20:04 ET (01:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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