Facebook Purchases 56 Acres in Menlo Park: Report

Social network buys out industrial park near existing campus

Facebook is getting bigger.

The social network is an even larger landholder in Menlo Park following a purchase of a 56-acre industrial park near its current campus, according to the Silicon Valley Business Journal.

The buy could be worth as much as $400 million, the newspaper reported.

Facebook is busily expanding: The company is already preparing to move into a new building across the street from its current offices, a building designed by Frank Gehry, no less.

The industrial park was formerly owned by Prologis, the newspaper reported.

Facebook executives told the newspaper that the idea behind the expansion is "integrat[ion] into the community."

Facebook has been in Menlo Park since 2011. In that time it has bought three other parcels of land near its headquarters on Bayfront Expressway, the newspaper reported.

Facebook now has 200 acres of land in Menlo Park.

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