An entity affiliated with search engine giant Google has acquired a massive warehouse property in Pryor, OK. The entity, Gerfalcon LLC, purchased the 1,364,242-square-foot building from SVC Manufacturing Inc. for $24.5 million or about $17.95/square foot.
The newly purchased property at 3500 Main St. in the MidAmerica Industrial Park was originally built for $80 million in 2008 for PepsiCo, which manufactured Gatorade and other sports drinks at the facility. Two years later, the company closed the plant, laying off 108.
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Google said it has no immediate plans to redevelop the building or site, which sits next to an existing Google data center.
In 2007, Google announced plans to construct a data center complex in Mayes County, OK. Then in the spring of 2012, it announced the addition of a second data center building.
Altogether, the company has pumped $700 million into the region.
"The purchase of the idled facility across from our data center is a logical choice given our ongoing partnership with the MidAmerica Industrial Park," said Mike Wooten, Google Oklahoma data center operations manager. "MidAmerica continues to be a strong partner for us here in Oklahoma and we appreciate their proactive and pro-business approach."
Matt Klimisch, SIOR, CCIM, David Glasgow, SIOR, CCIM and Jim Brown, CCIM with CB Richard Ellis|Oklahoma and Jeff Counsell with CBRE Inc. handled sale negotiations for the seller.
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