While many major tech companies have been cutting back on real estate holdings, including online retail giant Amazon, the company is apparently still buying properties. The Silicon Valley Business Journal reports that Amazon has purchased the site of Owens Corning’s former insulation factory in Santa Clara, CA for $237.8 million.

Located on Central Expressway at Lafayette Street, the facility was shuttered in the fourth quarter of 2022, and all 225 employees were let go. In an interesting twist, Owens Corning had previously entered into an agreement to sell the site to Panattoni in late 2021, but the firm later transferred the purchase agreement to Amazon.

Amazon has not yet disclosed what it plans to do with the site, but Panattoni had filed plans with Santa Clara to build a trio of industrial buildings totaling 890,000 square feet. Two of the facilities were slated to be data centers or warehouses and the third a distribution center with office space and a parking garage.