Apple Spends $162 Million for More Sunnyvale Offices

Apple’s offices don’t fall far from the tree, as the tech giant buys yet another commercial property in Silicon Valley’s Sunnyvale.

The multi-trillion-dollar tech company purchased the offices at 684 West Maude Avenue for $162.2 million, the Mercury News reported, citing documents filed Thursday with the Santa Clara County Recorder’s Office. The sellers were Germany-based Union Investment Real Estate GmbH and Seattle-based Metzler Real Estate Advisors, who acquired the building in 2022 for $222 million, meaning Apple got a 26.9 percent discount from its previous sale price.

The purchase is the latest in a years-long string of building buys across Sunnyvale and Cupertino for the iPhone maker. Last year alone, Apple spent about $1.1 billion on several office buildings in the region, all of them concentrated in Sunnyvale or its hometown of Cupertino.

Its latest shopping spree in the area kicked off about a year ago with the purchase of the three-building Cupertino Gateway complex for around $166.9 million in cash. That same week in June, the company dropped $350 million for 615 and 625 North Mathilda Avenue in Sunnyvale.

And later that summer in Sunnyvale, Apple purchased the four-building Mathilda Campus at 505-599 North Mathilda Avenue and 605 West Maude Avenue — across the street from its latest acquisition at 684 West Maude Avenue — from Kilroy Realty for $365 million. It ended last year with another all-cash deal totaling $216 million for two Cupertino buildings it occupies.

The offices Apple bought last year were already being leased by the company, but such is not the case with its latest acquisition in Sunnyvale. LinkedIn leased the 684 West Maude building in 2022 around the time the structure last traded hands, though it isn’t clear if LinkedIn ever moved into the building or marketed it for sublease, according to the Mercury News. Overall, Apple either owns or leases at least 15 buildings in Sunnyvale alone.

— Chris Malone Méndez