Facebook has acquired another huge property near its main campus at Willow Road and Bayfront Expressway in Menlo Park.
The social networking giant has purchased the 21 building, 56-acre industrial park known as Menlo Science & Technology Park, located on Willow Road just south of Bayshore Expressway.
A San Francisco-based industrial real estate company, Prologis Inc., which has owned and managed the property since 1998, made the announcement Friday.
No sale price was given. Prologis said it will provide ongoing management services on behalf of Facebook, which has not announced any plans for developing the site.
"Our team has spent the past several years planning the conversion of this site for higher and better use," Mark Hansen, a senior vice president for Prologis, said in a press release.
This is Facebook's fourth large property in that area. The other three are:
● The company's 57-acre headquarters at Bayfront Expressway and Willow Road (the former home of Sun Microsystems), where Facebook moved from its Palo Alto offices in 2011,
● The 22-acre Frank Gehry-designed "west campus" Facebook is building (and expecting to occupy soon) across Bayfront Expressway from the main campus.
● And the 59-acre property adjacent to the "west campus" that it bought from TE Connectivity.
The Silicon Valley Business Journal was the first to report on Facebook's acquisition of the Menlo Science and Technology Park site.