Fortinet has solidified its presence in the competitive Silicon Valley real estate market by acquiring two new office buildings in Sunnyvale for $10 million. This purchase showcases the tech industry's enduring interest in prime South Bay properties, with Fortinet's cumulative spending exceeding $562.9 million since 2012. Notably, the company's recent transactions include notable properties in both Sunnyvale and Union City, underscoring a robust strategy to consolidate and expand its operational footprint in the tech sector. The latest acquisition positions Fortinet closer to its headquarters, furthering its investment in the region.
Fortinet's recent $10 million acquisition of two office buildings in Sunnyvale reflects the continued demand for premium real estate by tech companies in Silicon Valley.
Having collectively invested over $562.9 million, Fortinet's aggressive property acquisition strategy in the Bay Area emphasizes its commitment to expansion and development in the tech hub.
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