Apple has made a significant addition to its portfolio in the Bay Area by acquiring a new campus worth $350 million. This purchase, part of a broader real estate acquisition spree, pushes Apple’s total spending in the region to over half a billion dollars this week.
Earlier in the week, the company expanded its presence by purchasing the Tantau office complex for $160 million. However, it appears Apple still had substantial funds to invest, culminating in the recent acquisition of a two-building campus located at 615 and 625 North Mathilda Avenue in Sunnyvale.
This property is conveniently situated just under seven miles from Apple Park. Kristina Raspe, Apple’s Vice President of Global Real Estate and Facilities, emphasized the company’s long-standing commitment to the Santa Clara Valley.
“The Santa Clara Valley has been home to Apple for more than 40 years, and we’re proud to continue investing in world-class facilities for our teams here,” she stated. The newly acquired office complex spans over 380,000 square feet, which could accommodate between 1,500 and 1,900 employees.
The substantial price tag of $350 million, as recorded at the Santa Clara County Recorder’s office, underscores Apple’s dedication to expanding its operational footprint in the Bay Area. Notably, Apple’s strategy often involves leasing properties before making an eventual purchase.
The company had previously leased both of these properties prior to the acquisition. This approach is consistent with its past actions, as seen in 2022 when Apple bought a long-term Cupertino office it had occupied since 2011.
Such transactions reflect Apple’s ongoing commitment to solidifying its presence in a region central to its identity and operations.
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