Google exercises option on land for second phase of Boulder campus

BOULDER — Google Inc., has exercised an option to purchase the land for the second phase of its new Boulder campus rather than leasing a finished building from developers as the company is doing for Phase 1.

The Mountain View, Calif.-based tech giant paid developers — a group that includes Denver-based firms Forum Real Estate Group and Brickstone Partners — just more than $7 million for the 1.45-acre parcel at 2930 Pearl St.

Developers broke ground last summer on the first phase of the $150 million project, which is slated to create a new 300,000-square-foot campus on 4.33 acres of land that…