Google pays $24.5 million for former Gatorade plant in Pryor

The plant's purchase price was a fraction of what PepsiCo Inc. paid to build it five years ago. The drink company idled the Pryor plant three years ago and laid off 108 employees.
By SUSAN HYLTON - Tulsa World Published: September 24, 2013
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— Google Inc. paid $24.5 million for the former Gatorade plant, a fraction of the amount that PepsiCo Inc. spent on building it in the MidAmerica Industrial Park five years ago.

CB Richard Ellis/Oklahoma, which handled the transaction, announced the purchase price Monday of the state-of-the art, LEED gold-certified facility that was built for $180 million — more than seven times the sale price.

PepsiCo closed the plant two years after its construction, citing a decline in the demand for sports drinks, and laid off 108 people. The 1.4 million-square-foot structure is one of the largest industrial buildings in the state.

Click here to read the complete article at tulsaworld.com

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