MOUNTAIN VIEW, CA-Google Inc. is acquiring its 978,000-sf headquarters campus here for $319 million. The Internet search king said Thursday in an SEC filing that on June 9 it entered a purchase and sale agreement and, as part of the agreement, placed $10 million in escrow. The transaction is expected to close before the end of the month.

The seller is Whitehall Parallel Real Estate LP XIII, one of the Whitehall Real Estate Funds managed by Archon Group LP, an affiliate of the Dallas-based Goldman Sachs Group Inc. WXIII is selling the buildings and its leasehold rights on the underlying dirt, which is owned by the City of Mountain View.

The addresses of the campus are 1600 Amphitheatre Parkway and 1200-1500 Crittenden Lane. The ground lease related to 1600 Amphitheatre contains an initial term expiring in 2050 with four options to extend the term for additional periods of ten years each. Rent payments under the ground lease will be approximately $140,000 per month and will increase by 4% each year thereafter. In addition, every 10 years the annual base rent will be readjusted to equal 7% of the then-current fair market value.

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