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Facebook leases Burlingame, Calif., office campus

Facebook Inc. is set to occupy the entire Burlingame Point office campus in Burlingame, Calif., having signed a lease for the 803,000-square-foot project, Commercial Property Executive reported.

Kylli Inc. is developing the campus of four class A buildings, each measuring between 155,500 square feet and 245,000 square feet, according to the Jan. 17 report. The project is expected to be completed in 2020.

The social media giant launched negotiations for the lease in August 2018 and closed the deal in the fourth quarter of 2018, the news outlet added.

JLL represented Facebook in the deal, while Kylli, a subsidiary of China's Genzon Investment Group, was represented by Cushman & Wakefield.