Apple sets the stage for fresh South Bay expansion with Sunnyvale deals

SUNNYVALE Apple is poised to deepen its presence in Silicon Valley with two deals in Sunnyvale that extend a remarkable string of transactions involving property purchases and building rentals The tech titan which is expanding in the South Bay has struck a deal to sublease a full office building at North Mary Ave in Sunnyvale according to several sources with knowledge of the rental deal Proofpoint is the tenant in the North Mary building and subleased the offices to Apple West Maude Avenue an office building in Sunnyvale seen in July Google Street View Cupertino-based Apple is also in talks for a real estate transaction involving an office building at West Maude Ave that is the first phase of an office campus in Sunnyvale known as Catalyst sources with knowledge of these discussions say LinkedIn right now leases the West Maude office building An affiliate of Germany-based Union Funding Real Estate GmbH and Seattle-based Metzler Real Estate Advisors owns the building which is at the corner of West Maude and North Pastoria It wasn t at once clear whether the discussions would outcome in a rental deal or purchase by Apple The North Mary building totals square feet according to a marketing brochure prepared by Cushman Wakefield commercial real estate brokers Brandon Bain Erik Hallgrimson Joe Brady and Mike Drew Apple s sublease deal with Proofpoint on North Mary is complete although a move-in time frame wasn t this instant known The iPhone maker also has been busy purchasing several office properties in the South Bay this year Apple has paid about billion so far in to buy an array of properties in Santa Clara County including On June Apple paid million for a three-building Cupertino office campus at North Tantau Ave that totals roughly square feet PGIM which manages real estate and other assets for Prudential Financial sold the campus On June Apple paid million for the Mathilda Commons office campus in Sunnyvale The -square-foot two-building campus is at and North Mathilda Ave Veteran real estate advancement firm Jay Paul Co was the seller On Sept Apple paid million to buy a Sunnyvale office campus That campus totals square feet and has addresses of and North Mathilda and West Maude Ave Kilroy Real Estate sold the property On Dec Apple paid million for two office buildings at and Stevens Creek Blvd in Cupertino These buildings together total square feet Upon completing its purchase of the two Stevens Creek office buildings in Cupertino Apple noted its deep and widening ties to the South Bay The Santa Clara Valley has been our home for nearly years and we re proud to continue investing in world-class facilities here that are designed to foster innovation and collaboration amongst our company members in promotion of our customers around the world Kristina Raspe Apple s vice president of Global Real Estate and Facilities noted in comments the company emailed to this news organization