After months of speculation, Google has purchased 12-acres of office space in Playa Vista that could accommodate as many as 6,000 engineers.

The $120 million lots run along the north side of the Hughes “Spruce Goose” hangar, which is across the street from the Google-owned YouTube Space LA, a film and production studio for YouTube content creators.

The Google buy “really makes and brands Playa Vista as the tech and innovation capital of Los Angeles,” Playa Vista’s city councilman Mike Bonin told the LA Times.

Bonin was “stoked” to hold his swearing-in ceremony last year at Google’s Venice offices, a binoculars-shaped building designed by Frank Gehry.

Brookfield Residential, which is developing high-end housing in Playa Vista, is also likely stoked by the prospect of thousands of high-salaried professionals moving into the area.

The rising rents in Silicon Beach are sure to follow.