{"id":1004762813,"date":"2025-06-26T03:24:37","date_gmt":"2025-06-26T11:24:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004762813"},"modified":"2025-06-26T03:50:37","modified_gmt":"2025-06-26T11:50:37","slug":"apple-drops-167m-in-silicon-valley","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/","title":{"rendered":"Apple Drops $167M in Silicon Valley"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004762814\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/attachment\/810764\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"810764\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The 57,479-square-foot, four-story building at 5425 Stevens Creek Blvd. is part of the three-building campus. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\" alt=\"Exterior image of the office building at 5425 Stevens Creek Blvd. in Cupertino, Calif.\" class=\"wp-image-1004762814\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The 57,479-square-foot, four-story building at 5425 Stevens Creek Blvd. is part of the three-building campus. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Apple has paid $166.9 million for Cupertino Gateway, a three-building office campus totaling 218,854 square feet in Cupertino, Calif., <em><a href=\"https:\/\/www.mercurynews.com\/2025\/06\/25\/apple-tech-property-real-estate-office-economy-jobs-develop-iphone\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">The Mercury News<\/a><\/em> reported. The tech giant fully occupied the properties prior to purchasing them in an all-cash transaction.<\/p>\n\n\n\n<p>The office complex has previously been under the PGIM Real Estate ownership. The company purchased the asset in 2015 for $165 million from Gaw Capital Partners, CommercialEdge information shows.<\/p>\n\n\n\n<p>Cupertino Gateway is at 10100 and 10200 N. Tantau Ave., and at 5425 Stevens Creek Blvd. The campus is across the street from Apple Park, the corporate headquarters of the company, which houses more than 12,000 employees. The property also has access to Interstate 280 and to downtown Santa Clara, Calif. San Jose Mineta International Airport is 8 miles away, while San Francisco is 45 miles northwest.<\/p>\n\n\n\n<p>Completed in 1991, the campus underwent cosmetic renovations in 2013. The Class B Cupertino Gateway features two two-story buildings and one four-story building across 12 acres and includes 723 vehicle parking spots. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tech-companies-expanding-in-pricy-silicon-valley\">Tech companies expanding in pricy Silicon Valley<\/h2>\n\n\n\n<p>As of May, <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-office-transactions\/\">office investment volume<\/a> in the Bay Area led Western markets, while also ranking third nationally, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-april-2025-2\/\">CommercialEdge report<\/a>. With transactions generating $2.1 billion, the metro also stood out as the priciest in the West, with properties changing ownership at $356 per square foot, way above the national average of $194 per square foot.<\/p>\n\n\n\n<p>The momentum includes some recent noteworthy deals in the metro. One of them is <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-sells-silicon-valley-asset-to-nvidia-for-123m\/\">NVIDIA&#8217;s $123 million purchase<\/a> of Santa Clara Commerce Park, closed in May. The company picked up the 251,000-square-foot campus adjacent to its headquarters from Blackstone&#8217;s Link Logistics.<\/p>\n\n\n\n<p>In April, LinkedIn also picked up a 120,000-square-foot research and development facility in Sunnyvale, Calif., <a href=\"https:\/\/www.commercialsearch.com\/news\/linkedin-buys-silicon-valley-asset-for-75m\/\">in a $75 million deal<\/a>. The two-story property is close to the networking giant&#8217;s global headquarters and was sold by a software company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The office campus is next to the company&#8217;s corporate headquarters.<\/p>\n","protected":false},"author":2991,"featured_media":1004762814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,36079,15],"tags":[33752,34714],"class_list":["post-1004762813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-jose","category-west","tag-apple","tag-pgim-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Drops $167M in Silicon Valley - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Apple has paid $166.9 million for Cupertino Gateway, a three-building office campus totaling 218,854 square feet in Cupertino, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Drops $167M in Silicon Valley\" \/>\n<meta property=\"og:description\" content=\"Apple has paid $166.9 million for Cupertino Gateway, a three-building office campus totaling 218,854 square feet in Cupertino, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-26T11:24:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-26T11:50:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/\",\"name\":\"Apple Drops $167M in Silicon Valley - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\",\"datePublished\":\"2025-06-26T11:24:37+00:00\",\"dateModified\":\"2025-06-26T11:50:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Apple has paid $166.9 million for Cupertino Gateway, a three-building office campus totaling 218,854 square feet in Cupertino, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-drops-167m-in-silicon-valley\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/810764-e1750931779158.jpg\",\"width\":1000,\"height\":750,\"caption\":\"The 57,479-square-foot, four-story building at 5425 Stevens Creek Blvd. is part of the three-building campus. 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