Apple has acquired a three-building office campus in Cupertino for $166.9 million, a move reinforcing its commitment to owning real estate in its hometown. Previously leasing the buildings from a real estate firm, this purchase enables Apple to solidify its presence in Cupertino, where it has long been established. The new campus, known as Cupertino Gateway, encompasses approximately 220,700 square feet. This transaction aligns with Apple's broader strategy of transforming leased properties into owned assets. Additionally, the company had recently sold another building in San Jose to Samsung, retaining a focus on its operational efficiency in the region.
Apple's recent purchase of a Cupertino office campus for $166.9 million showcases its commitment to solidifying its presence in its hometown while expanding its real estate portfolio.
The acquisition of Cupertino Gateway, comprising about 220,700 square feet, highlights Apple's strategy of transitioning from leasing to owning office space in a competitive tech hub.
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