NASA and Google to be Roomies

June 4th, 2008 at 12:00 am
 


nasa google

Isn’t this sweet?  Google and NASA sitting in a tree, L-E-A-S-I-N-G.

It probably isn’t the best children’s song but it will do.  Google will be leasing some property of NASA at the NASA Ames Research Center to construct a new research and development campus.

Details are in the press release from Google.

Mountain View, Calif. (June 4, 2008) – NASA and Google Inc. (NASDAQ:GOOG) today announced plans to develop a new high-technology campus at NASA Ames Research Center in Mountain View, California.

Under the terms of the 40-year agreement, Google will lease 42.2 acres of unimproved land in NASA Research Park at Ames to construct up to 1.2 million square feet of offices and research and development (R&D) facilities in a campus-style setting. An overview of the area is available in Google Maps™ and the Google Earth™ program at http://maps.google.com/googleameslease.

"With this new campus, we will establish a new era of expanded collaboration with Google that will further enhance our Silicon Valley connections," said Ames Director S. Pete Worden. "This major expansion of NASA Research Park supports NASA’s mission to lead the nation in space exploration, scientific discovery and aeronautics research."

"This long-term lease agreement is a key component of Google’s strategy for continued growth in Silicon Valley," said David Radcliffe, Google’s vice president of real estate and workplace services. "We believe this collaboration between Google, NASA and the city of Mountain View is emblematic of the mutually beneficial partnerships that can be created between the public and private sectors."

Under the terms of the lease, Google will pay NASA an initial base rent of $3.66 million per year. This rate is based on appraisals establishing fair market value of the land. NASA will use the proceeds to cover the full cost of the lease and the balance for maintenance, capital revitalization, and improvements of the real property assets at Ames.