CUPERTINO — Apple has bought a big office campus in the South Bay Cupertino in a mega deal that tops $160 million, a transaction that helps the tech titan further cement its decades-long presence in its hometown.
Related Articles
Developer buys Saratoga vineyard where it plans hundreds of homes
San Jose mayor hopes Earthquakes will move downtown if soccer team is sold
Real estate empire crumbles as choice San Jose site faces foreclosure
Real estate firm grabs Fremont industrial and commercial property
Entrepreneur pushes federal takeover of Alameda’s former air station for tech utopia promoting AI
The iPhone maker paid $166.9 million to buy a three-building campus near its Cupertino headquarters, according to documents filed on June 24 with the Santa Clara County Recorder’s Office.
Apple bought the buildings, known as Cupertino Gateway, in an all-cash deal, the county records show.
Cupertino-based Apple had already been leasing the buildings from a real estate firm that sold the property to the tech company.
The primary address for the office complex is 10200 North Tantau Avenue, according to real estate documents.
The deal shows that Apple is taking steps to strengthen its holdings in Cupertino by owning more buildings that it had been leasing.
In recent years, Apple bought other office properties that it had been leasing in Cupertino, in a similar approach to this recent transaction.
By happenstance, Apple also recently sold an office building in north San Jose to another tech titan, Samsung.
The office complex that Apple has just bought on North Tantau totals roughly 220,700 square feet.
