SAN JOSE, CA-EBay is preparing for an expansion of its North First Street campus. The online auctioneer has filed documents with the City of San Jose to build an approximately 200,000-sf addition to the 538,000-sf campus.

EBay acquired the 47-acre property from Novell Networks three years ago for about $100 million. As part of the deal, the company acquired an adjacent 15.75-acre parcel from the city (which acquired it from Novell) along with rights to expand the campus by about 1.5 million sf. Prior to the transactions, eBay reportedly had been considering moving its headquarters outside the city. Neither eBay spokesman Hani Durzy nor Nancy Klein with the City of San Jose could be reached Monday for comment.

All told, eBay can expand the campus to two million sf of office space plus six parking garages. In addition to the 200,000-sf office building, which is valued at $25 million, eBay has near-term plans to also add two parking garages and an additional 135,000-sf office building, according to public documents.

In addition to the online auction site, eBay owns PayPal and Skype. In 2005, eBay’s employee base grew by more than 30% to about 10,500 while its net income grew 39% to $1.082 billion. The first quarter of 2006 continued the trend, with revenue up 35% and its GAAP net income ($248.3 million/$0.17 per share) exceeding the high end of its guidance.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.