Apple confirms $365 million purchase of office campus in South Bay
- Apple is in talks to purchase a four-building office campus in Sunnyvale for around $365 million.
- This acquisition follows Apple’s recent $516.9 million investment in two other South Bay office spaces.
- The purchase demonstrates Apple’s commitment to its operations in Silicon Valley and securing quality facilities for its employees.
In the United States, Apple has made significant moves in the real estate market, particularly in Silicon Valley, reflecting its commitment to expanding its operations in the region. Recently, sources indicated that Apple has tentatively agreed to purchase a four-building office campus located at the intersection of North Mathilda Avenue and West Maude Avenue in Sunnyvale for about $365 million. The tech giant has already been leasing the property, which totals 636,500 square feet, including a range of amenities such as a fitness center and outdoor areas for employees. The agreement comes after a series of strategic acquisitions made by Apple in recent years. In June 2025 alone, Apple spent $516.9 million to acquire two other South Bay office campuses it had been renting. This included a two-building campus on North Mathilda Avenue and a three-building campus on North Tantau Avenue. Throughout the preceding years, Apple’s investments in South Bay real estate have totaled approximately $881.9 million, showcasing a clear intent to strengthen its operational headquarters in the area. Kilroy Realty currently owns the campus, and its chief investment officer mentioned the prospective sale during a financial call with Wall Street analysts. However, the completion of the sale is not guaranteed, highlighting that discussions are still ongoing. Apple's continuous investments in real estate are seen as a part of the company’s broader strategy to enhance productivity and ensure access to high-quality workspaces for its employees in a competitive market. Kristina Raspe, Apple’s vice president of Global Real Estate and Facilities, has commented on the company’s commitment to deepening its ties to the Santa Clara Valley, which has been associated with Apple for over 40 years. The company's latest acquisition, if finalized, marks a significant achievement in its ongoing efforts to secure top-notch facilities for its workforce, aligning with its long-term vision for growth and stability in Silicon Valley.