Apple Expected to Buy Another Silicon Valley Campus

Apple is poised to acquire the Mathilda Campus in Silicon Valley, a four-building property totaling approximately 663,000 square feet. This move signifies a significant expansion of Apple's real estate footprint in the region. The tech giant is purchasing the campus from Kilroy Realty Corporation for an undisclosed sum, though the transaction is expected to be at a rate of $550 per square foot. Apple already leases a substantial portion, about 88%, of the Mathilda Campus. This acquisition follows closely on the heels of other major property purchases by Apple this year, indicating a robust investment strategy in its Silicon Valley presence. In June, Apple bought the Cupertino Gateway complex for $166.9 million, located near its Apple Park headquarters. Furthermore, in July, the company acquired two adjacent office properties on North Mathilda Avenue for $350 million. Similar to the Mathilda Campus, Apple had previously leased and occupied the majority of these recently purchased properties. These acquisitions collectively represent almost $1 billion in property purchases by Apple this year. The consistent pattern of acquiring leased spaces suggests a strategic consolidation and long-term commitment to its physical operations in Silicon Valley.