Apple buys big office hub in Cupertino in deal that tops $160 million

CUPERTINO Apple has bought a big office campus in the South Bay Cupertino in a mega deal that tops million a transaction that helps the tech titan further cement its decades-long presence in its hometown Related Articles Developer buys Saratoga vineyard where it plans hundreds of homes San Jose mayor hopes Earthquakes will move downtown if soccer organization is sold Real estate empire crumbles as choice San Jose site faces foreclosure Real estate firm grabs Fremont industrial and commercial property Entrepreneur pushes federal takeover of Alameda s former air station for tech utopia promoting AI The iPhone maker paid million to buy a three-building campus near its Cupertino headquarters according to documents filed on June with the Santa Clara County Recorder s Office Apple bought the buildings known as Cupertino Gateway in an all-cash deal the county records show Cupertino-based Apple had already been leasing the buildings from a real estate firm that sold the property to the tech company The primary address for the office complex is North Tantau Avenue according to real estate documents The deal shows that Apple is taking efforts to strengthen its holdings in Cupertino by owning more buildings that it had been leasing In up-to-date years Apple bought other office properties that it had been leasing in Cupertino in a similar approach to this latest transaction By happenstance Apple also lately sold an office building in north San Jose to another tech titan Samsung The office complex that Apple has just bought on North Tantau totals roughly square feet