Apple intends to buy a 636,500 square foot office campus in Sunnyvale, currently leased, for approximately $365 million. The campus is owned by Kilroy Realty, which confirmed the deal during a conference call. Despite being under contract, there is no guarantee of the purchase's completion. This acquisition is part of Apple's broader strategy in Silicon Valley, following previous purchases totaling hundreds of millions for properties they were already renting. These transactions highlight Apple's aggressive expansion of its real estate holdings in the area.
Apple has tentatively agreed to buy a campus in Sunnyvale for around $365 million. The purchase involves a 636,500 square foot campus owned by Kilroy Realty.
The prospective transaction aligns with Apple's ongoing strategy to extend its portfolio in Silicon Valley, having already made multiple significant acquisitions in the area.
Kilroy Realty discussed the sale during a conference call, indicating an under contract status for the campus, although successful completion is not guaranteed.
Apple's real estate purchases include several sizable transactions this year, totaling hundreds of millions to secure office spaces that were previously leased.
Collection
[
|
...
]