Intuitive Surgical buys three Santa Clara office buildings for $157M

Purchases are near medical robot developer’s Sunnyvale campus now under construction

Intuitive Surgical Pays $157M for Santa Clara Offices
Intuitive Surgical's Gary Guthart and 3655 Kifer Road, Santa Clara (Google Maps, Intuitive Surgical)

Intuitive Surgical has bought three office properties in Santa Clara for a combined $157 million.

The Sunnyvale-based medical device firm purchased the offices at 3655 Kifer Road, 3689 Kifer Road and 2999 San Ysidro Road, the San Jose Mercury News reported. 

The seller in the all-cash deals was Bayview Development Group, based in Los Altos.

Intuitive, now building a 1.2 million-square-foot office and research campus on 32 acres at 950 Kifer Road in Sunnyvale, has been on a real estate buying spree. Its products include a cutting-edge surgical robot.

From January 2017 to January last year, the medical tech company bought an unspecified number of properties in Sunnyvale for at least $114.3 million, according to the newspaper. Its newest purchases in Santa Clara bring its total purchases to $271.3 million.

Its newest offices near Kifer Road and Lawrence Expressway are near its emerging campus, in which it previously sank more than $100 million buying an array of parcels.

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The latest purchases by Intuitive include a research and office building leased to Apple at 3689 Kifer Road for $89.1 million.

They include a new, 184,600-square-foot office building developed by Bayview at 3655 Kifer Road for $78.1 million.

And they include a small building at 2999 San Ysidro Road for $5 million, plus a parking garage for an undisclosed price.

Intuitive Surgical, founded in 1995, is the second largest medical device company in the Bay Area after Agilent Technologies of Santa Clara.

— Dana Bartholomew

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Intuitive Surgical ceo Gary S. Guthart with Intuitive offices South Building rendered street view (Fosters + Partners, Intuitive Surgical, Getty)
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