{"id":1004763216,"date":"2025-06-30T07:04:19","date_gmt":"2025-06-30T15:04:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004763216"},"modified":"2025-07-01T00:51:33","modified_gmt":"2025-07-01T08:51:33","slug":"apple-continues-south-bay-buying-spree-with-350m-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/apple-continues-south-bay-buying-spree-with-350m-investment\/","title":{"rendered":"Apple Continues South Bay Buying Spree With $350M Investment"},"content":{"rendered":"\n

Apple has acquired 615 and 625 N. Mathilda Ave. in Sunnyvale, Calif., for $350 million. The property, which the company has already been occupying as a tenant, is a two-building office campus totaling 382,500 square feet. Jay Paul Co. sold the Class A asset, according to Yardi research data.<\/p>\n\n\n

\n
\"Exterior<\/a>
Mathilda Commons comprises two twin office buildings that came online in 2021. Image courtesy of Yardi research data<\/em><\/figcaption><\/figure><\/div>\n\n\n

The deal represents one of the largest office building purchases in the Bay Area so far in 2025, according to The Mercury News<\/em>. The purchase price is also the highest in Santa Clara County so far this year.<\/p>\n\n\n\n

This was the latest for Apple in a string of recent South Bay acquisitions. Last week, the company purchased a three-building office property<\/a> in Cupertino, Calif., for $166.9 million. The buildings are across the street from the firm’s corporate HQ.<\/p>\n\n\n\n

A presence in the market for decades, Apple has purchased other office properties in the area since the end of the pandemic, presumably to accommodate employees returning to the office after a period of all-week remote work. That period came to an end in 2022, when CEO Tim Cook mandated a return to office for employees three days a week.<\/p>\n\n\n\n

A LEED Platinum-certified office campus<\/h2>\n\n\n\n

The two office assets are part of the campus also known as Mathilda Commons. Apart from the four-story buildings that came online in 2021, the LEED Platinum-certified property also includes a 15,477-square-foot fitness center, a 9,704-square-foot rooftop terrace and a four-level parking structure. Floorplates average 42,000 square feet. Apple leased the entire complex<\/a> in 2022.<\/p>\n\n\n\n

The office park is just south of U.S. Route 101, some 11 miles from downtown San Jose, Calif., and less than 8 miles from San Jose Mineta International Airport. Apple Park is roughly 6 miles southeast.<\/p>\n\n\n\n

Apple ramps up property investment<\/h2>\n\n\n\n

The recent deals are only the tip of the spear of a large investment by Apple in new, mostly non-office properties. The company plans to invest more than $500 billion in manufacturing facilities and initiatives nationwide over the next four years.<\/p>\n\n\n\n

As part of this strategy, Apple and its partners will open a new advanced manufacturing facility in Houston to produce servers that support the company’s Apple Intelligence product. At 250,000 square feet, the factory is expected to come online in 2026.<\/p>\n\n\n\n

Also in the next four years, Apple intends to hire around 20,000 people, most of whom to be focused on R&D, silicon engineering, software development and AI and machine learning. The expanded commitment involving these hires includes investment in Apple\u2019s U.S. R&D hubs.\u00a0<\/p>\n\n\n\n

Apple is also doubling the size of its U.S. Advanced Manufacturing Fund, which was created in 2017 to promote U.S. manufacturing jobs, increasing the fund from $5 billion to $10 billion.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm’s recent office purchases in the market total $517 million.<\/p>\n","protected":false},"author":1023,"featured_media":1004763248,"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":[33752,41369,32779],"class_list":["post-1004763216","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-jay-paul-company","tag-leed"],"acf":[],"yoast_head":"\nApple Continues South Bay Buying Spree With $350M Investment - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Apple has acquired 615 and 625 N. 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