As Apple’s growth in the South Bay progresses, the company has now secured two additional office buildings for a total of $216 million. Here are the facts.
## Apple’s real estate endeavor persists
Over the last several months, Apple has been engaging in a significant real estate acquisition phase.
Since July, it has acquired the $365 million four-building Mathilda Campus, another duo of nearby buildings for $350 million, and the $166 million three-building Cupertino Gateway complex.
Now, SiliconValley.com reveals that the firm has disbursed $216 million to secure two more office buildings, this time located on Stevens Creek Boulevard, bringing its total real estate expenditure in the region to over $1 billion since June.
Altogether, the properties at 19319 and 19339 Stevens Creek Blvd. comprise 266,500 square feet, and as per official documents submitted earlier this week, Apple made the payment in cash.
When approached for a statement, Kristina Raspe, Apple’s vice president of Global Real Estate and Facilities, remarked:
> “The Santa Clara Valley has been our home for nearly 50 years, and we’re proud to continue investing in world-class facilities here that are designed to foster innovation and collaboration amongst our team members in support of our customers around the world.”
Apple also indicated that, with this latest purchase, its Bay Area expansion will “surpass 1.5 million square feet of office and lab space” this year alone.
