MENLO PARK, CA—Facebook Inc. has completed a deal to purchase roughly 60 acres of land here, at a site that the social-networking giant has earmarked for possible future expansion.
This news was reported Friday by the Silicon Valley Business Journal.
Facebook is said to have paid $101.6 million for the property at 300 Constitution Ave. The property is the home of TE Connectivity, and several hundred of that company's workers will remain there through a leaseback agreement with Facebook.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
