Nvidia scoops up Santa Clara building as company widens holdings

"Nvidia has spent at least $834.7 million buying numerous parcels next to and near its two-building headquarters complex at 2788 and 2888 San Tomas Expressway. The transaction isn't a surprise. In December 2024, Nvidia struck a deal to buy four San Tomas Expressway office buildings from Sobrato. Nvidia was leasing them at the time the company fashioned the purchase agreement with Sobrato, which was accomplished in two stages. In January, Nvidia officially bought three of the four buildings involved in the Sobrato deal."

"As large as these purchases are, the four buildings, which total a combined 500,000 square feet, are just part of what has evolved into a wide-ranging land assembly that Nvidia has orchestrated across the street from its headquarters. With fewer than a handful of exceptions, Nvidia now owns all of a block that's bounded by San Tomas Expressway, Central Expressway, Scott Boulevard, and Walsh Avenue."

"The block totals 58.6 acres, a review of size data for all the parcels shows. By comparison, the block where Nvidia has been assembling parcels is more than twice as large as the 24.7-acre complex occupied by its corporate headquarters. Control of the block leaves Nvidia poised to greatly expand the square footage it occupies in Santa Clara, should the company choose to redevelop some of the buildings."

Nvidia purchased an office building at 2701 San Tomas Expressway for $83.2 million, with the Sobrato Organization as seller. With this acquisition, Nvidia has spent at least $834.7 million on parcels near its two-building headquarters at 2788 and 2888 San Tomas Expressway. A December 2024 deal arranged purchase of four San Tomas Expressway office buildings that Nvidia had been leasing; the transaction closed in stages, with three buildings bought in January and the fourth acquired most recently. The four buildings total about 500,000 square feet and form part of a land assembly that now comprises nearly an entire 58.6-acre block, positioning Nvidia to expand or redevelop in Santa Clara.

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