Nvidia Buys Another Santa Clara Office Near Its Headquarters

Nvidia’s Santa Clara office buying spree swallowed another building in its headquarters cluster.

The world’s most valuable company, acting through an affiliate, bought the building at 2701 San Tomas Expressway for $83.2 million, the Silicon Valley Business Journal reported. Sobrato was the seller of the 125,000-square-foot building, part of a four-building office complex in Santa Clara. The price works out to about $666 per square foot.

Nvidia occupied the building prior to the purchase. It’s the latest transfer of properties between Nvidia and Sobrato at the site.

The chipmaker purchased the three other buildings in the office complex from Sobrato in May for $254 million. That places the values of 2711, 2721 and 2731 San Tomas Expressway at about $84.8 million per building, with each structure spanning 125,000 square feet.

All four buildings are near its headquarters at 2788 San Tomas Expressway, connected by a pedestrian bridge over the street. The company bought its headquarters last year for $374 million.

The multi-trillion-dollar company is gearing up to invest even more in its headquarters and the surrounding area. Earlier this year, the company filed plans to build a 324,000-square-foot office building to expand its headquarters.

In May, Nvidia bought a 10-building, 13-acre office and research campus at 2348 and 2350 Walsh Avenue, across the street to the south of its headquarters, for $123 million. In July, it snapped up another property, at 2740 Scott Boulevard, adjacent to the four-building office complex, for $4.5 million.

Nvidia isn’t chained to Santa Clara for its Bay Area operations. The company has reportedly been working to create a 30,000-square-foot sales office in San Francisco, the San Francisco Chronicle reported last month. The chipmaker was reportedly nearing a lease deal for 45,000 square feet in an eight-story office building at Mission Rock, the forthcoming mixed-use development from Tishman Speyer and the San Francisco Giants near Oracle Park.

Nvidia’s market cap is more than $4.3 trillion, per CNBC, making it the world’s most valuable company ahead of other tech giants like Microsoft, Apple and Amazon. — Chris Malone Méndez