In inking this “blockbuster agreement”, Google joins Microsoft and Yahoo and 125 other firms mostly web 2.0 startups and dot-com survivors, in contributing to the economic recovery of the downtown. This huge Google deal will enhance the rate of the tech explosion and proves that the market is stronger as ever.

The agreement was directly worked out by Gap and Google, which is being represented by Cornish & Carey Commercial. Representative of both parties refused to comment on the deal.

Wes Powell, managing director for Jones Lang LaSalle, who leases Hills Paza for owner Morgan Stanley, also refused to comment as he is not involved in the deal. Google will occupy 70,000 square foot floorplates and bay views which was formerly occupied by Gap’s workers who moved to Mission Bay.

The 3-year commitment agreed by Google will give the company a base in the city and allow it to explore long-term opportunities, and become an anchor tenant in new office building in the south financial district and Mission Bay in the years to come.

Google employs hundred of employees who live in San Francisco, which includes its founders, Larry Page and Sergey Brin, already friends of Mayor Gavin Newsom. On January 8, Mayor Newsom disclosed the deal where Google will furnish free wireless Internet access across the city at low transmission speed.

Gabriel Metcalf, executive director of the San Francisco Planning and Urban Research Association, said “Google isn’t being lured by tax breaks. They are coming because it makes sense to them as a business decision on its own, which is very gratifying.”



Ma. Roma C. Agsalud

Miami Real Estate | Search Engine Marketing Company