While “spree” may be a relative term, Apple recently purchased two commercial campuses in Silicon Valley. This move departs from the trend of most tech companies scaling back their planned footprint since the pandemic. Apple Real Estate Executives commented that they’ve “been here for more than 40 years, and we’re proud to continue investing in world-class facilities for our teams here.”
The larger of the two properties is at Mathilda Commons on North Mathilda Avenue in Sunnyvale, comprising over 380,000 square feet of office space. The other is 220,000 square feet at Cupertino Gateway, off Tantau Avenue and Stevens Creek Boulevard. The combined price of both properties exceeded $515 million.
Source: SiliconValley.com
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