{"id":1004808732,"date":"2026-08-13T04:40:36","date_gmt":"2026-08-13T12:40:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004808732"},"modified":"2026-08-14T05:59:09","modified_gmt":"2026-08-14T13:59:09","slug":"exclusive-google-snaps-up-socal-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-google-snaps-up-socal-asset\/","title":{"rendered":"Exclusive: Google Snaps Up SoCal Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004808733\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-google-snaps-up-socal-asset\/153-castilian-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"153_Castilian_Drive_CA\" data-image-description=\"&lt;p&gt;Image sourced from Yardi Matrix&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Goleta campus accommodates office, R&#038;D and industrial uses within the city&#8217;s established tech corridor.  Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg\" alt=\"Exterior image of a two-building office and R&amp;D campus at 153 Castilian Drive in Goleta, Calif.\" class=\"wp-image-1004808733\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Located within the city&#8217;s tech corridor, the Goleta campus can accommodate industrial, R&amp;D and office uses.<em> Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Google has paid $32.5 million for an 83,356-square-foot campus in Goleta, Calif., according to Yardi Matrix information. Investec Real Estate Cos. sold the asset after eight years of ownership.<\/p>\n\n\n\n<p>The two-building property is at 153 Castilian Drive, at the intersection of Los Carneros Road and Hollister Avenue, both principal arteries of the city. It occupies a 5-acre site at the gateway to Santa Barbara Research Park, an R&amp;D and technology corridor home to multiple aerospace, defense and tech companies. Santa Barbara Airport and U.S. Highway 101 are nearby, while the city\u2019s downtown area is 11 miles away.<\/p>\n\n\n\n<p>The purchase marks the expansion of Google&#8217;s Goleta footprint. The company&#8217;s presence in the city also includes leased space at 6868 Cortona Drive, less than 1 mile from the newly acquired asset, and a quantum AI lab at 301 Mentor Drive. Both locations are related to Google&#8217;s partnership with University of California, Santa Barbara on the research and development of <a href=\"https:\/\/www.commercialsearch.com\/news\/what-the-quantum-computing-boom-means-for-cre\/\">quantum computing<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-class-b-campus-in-goleta\">A Class B campus in Goleta<\/h2>\n\n\n\n<p>Completed in 1980, the Class B campus can accommodate light industrial, R&amp;D and office users. The buildings feature 22-foot clear heights, dock-high loading and a total of eight grade-level doors. <\/p>\n\n\n\n<p>The creative office component includes private suites, conference rooms and open workspace areas, as well as full-height glass windows and outdoor spaces. Additionally, the property provides ample surface parking. &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-tiktok wp-block-embed-tiktok\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@commercialpropertyexec\/video\/7673885584330345750\" data-video-id=\"7673885584330345750\" data-embed-from=\"oembed\" style=\"max-width:605px; min-width:325px;\"> <section> <a target=\"_blank\" title=\"@commercialpropertyexec\" href=\"https:\/\/www.tiktok.com\/@commercialpropertyexec?refer=embed\">@commercialpropertyexec<\/a> <p>\ud83d\udcbb Google is expanding its Southern California real estate footprint. The tech giant paid $32.5 million for an 83,356-square-foot campus in Goleta, Calif., comprising two buildings that can accommodate industrial, R&#038;D and office uses. The acquisition expands Google\u2019s presence in the city, where it also operates a quantum AI lab and leases additional space. \u23e9Check out the full story on cpexecutive.com news crenews<\/p> <a target=\"_blank\" title=\"\u266c original sound - cpexecutive - cpexecutive\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-cpexecutive-7673885593247566614?refer=embed\">\u266c original sound &#8211; cpexecutive &#8211; cpexecutive<\/a> <\/section> <\/blockquote> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-google-s-shifting-california-office-portfolio\">Google&#8217;s shifting California office portfolio<\/h2>\n\n\n\n<p>The Goleta acquisition is part of the ongoing portfolio shifts across Google\u2019s California footprint. <\/p>\n\n\n\n<p>In May, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-google-exits-bay-area-office-campus-with-14msf-sale\/\">sold nine buildings<\/a> totaling 1.4 million square feet at Pacific Shores Center in Redwood City, Calif. The portfolio had been assembled by Google through multiple purchases dating back to 2014.<\/p>\n\n\n\n<p>At the same time, the tech giant is making selective acquisitions. One of them was the $25.2 million purchase of an office asset in San Jose, Calif.&#8217;s Alviso district, <a href=\"https:\/\/www.mercurynews.com\/2026\/03\/10\/google-san-jose-tech-economy-property-build-real-estate-develop-jobs\/\" data-type=\"link\" data-id=\"https:\/\/www.mercurynews.com\/2026\/03\/10\/google-san-jose-tech-economy-property-build-real-estate-develop-jobs\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">according to <em>The Mercury News<\/em><\/a>, bringing the company&#8217;s holdings around the Meadow Point campus to nine properties. The total investment amounted to more than $434 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition is part of the tech giant&#8217;s portfolio reshaping across the Golden State.<\/p>\n","protected":false},"author":2991,"featured_media":1004808733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,15],"tags":[33286,52373],"class_list":["post-1004808732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-west","tag-google","tag-investec-real-estate-cos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Exclusive: Google Snaps Up SoCal Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Google has paid $32.5 million for an 83,356-square-foot industrial and R&amp;D campus in Goleta, Calif., according to Yardi Matrix information.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-google-snaps-up-socal-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Google Snaps Up SoCal Asset\" \/>\n<meta property=\"og:description\" content=\"Google has paid $32.5 million for an 83,356-square-foot industrial and R&amp;D campus in Goleta, Calif., according to Yardi Matrix information.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-google-snaps-up-socal-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-13T12:40:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-14T13:59:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/153-Castilian-Drive-e1786614917466.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-google-snaps-up-socal-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-google-snaps-up-socal-asset\\\/\"},\"author\":{\"name\":\"Simona Tudose\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/4659e2337f06b61cefc6b0b897d183a4\"},\"headline\":\"Exclusive: Google Snaps Up SoCal Asset\",\"datePublished\":\"2026-08-13T12:40:36+00:00\",\"dateModified\":\"2026-08-14T13:59:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-google-snaps-up-socal-asset\\\/\"},\"wordCount\":370,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-google-snaps-up-socal-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/08\\\/153-Castilian-Drive-e1786614917466.jpg\",\"keywords\":[\"Google\",\"Investec Real Estate Cos.\"],\"articleSection\":[\"Investment\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-google-snaps-up-socal-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-google-snaps-up-socal-asset\\\/\",\"name\":\"Exclusive: Google Snaps Up SoCal Asset - 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