Google will assume the leases for Juniper’s old 3-building campus on Mathilda Avenue in Sunnyvale, California.
Juniper recently moved into a new headquarters across the street.
In an SEC filing, Juniper calculates that transferring the leases on the old buildings to Google will help it avoid $112 million in future rent obligations.
Google has been expanding rapidly in Sunnyvale and nearby Mountain View, in the heart of Silicon Valley.
http://www.sec.gov/Archives/edgar/data/1043604/000129993314001330/htm_50397.htm
