Broadcom Buys Orange County Campus for $325M

September 14, 2026

Investment News Office Orange County More West

The company repurchased its headquarters with more than 10 years remaining on the lease.

PRP Real Assets has sold the 660,893-square-foot, two-building Broadcom Corporate Campus in Irvine, Calif., for $325 million. The tenant, whose name the property carries, acquired the asset.

Through this deal, the semiconductor company repurchased its headquarters, despite having 11 years remaining on its lease at closing.

This transaction represents the priciest Orange County office acquisition since 2020, when the same asset commanded $355 million, marking a $30 million premium compared to the 2026 sale, according to Yardi Matrix.

The Five Point Holdings-led venture had acquired the larger, 73-acre campus from Broadcom for $443 million in 2017, the same year Five Point completed the headquarters. The roughly 1 million-square-foot property also included additional R&D space.

Dubbed Five Point Gateway, the broader office property includes tenants such as City of Hope, which operates Orange County’s most advanced cancer care facility. Other tenants include Lennar and Five Point.

Broadcom’s pair of five-story buildings consists of 25 percent lab and 75 percent office space. The semiconductor company utilizes the property for chip design, firmware and product engineering, among other R&D applications.

Located at 15101 &15191 Alton Parkway, the property is part of Great Park Neighborhoods, a 2,100-acre mixed-use planned community that rises atop the former site of the U.S. Marine Corps’ El Toro Air Base. The development may hold up to 11,800 homesites, 4.1 million square feet of commercial space, 61 acres of parks and 138 acres of trails and open space.

Orange County availability reaches lowest point in six years

Broadcom’s commitment to its headquarters reflects the ongoing tenant demand stabilization across Orange County. Office availability dropped to its lowest point since 2020, at 18.6 percent in June, marking a 280-basis-point annual decline, according to a Savills report.

The Broadcom deal follows another significant owner-user acquisition in the market. In June, Hoag Memorial Hospital Presbyterian acquired the Ziggurat Federal Building, a 1 million-square-foot asset, from the U.S. General Services Administration for $207.9 million, Yardi Matrix shows.