Tech firms wheel and deal for Sunnyvale sites that may produce campus

"The seven properties that Fortinet bought for $47 million are all across the street from the cybersecurity company's Sunnyvale headquarters at 909 Kifer Road, documents filed on March 3 with the Santa Clara County Recorder's Office show. Fortinet obtained the seven parcels, which are just east of its head offices, through an all-cash deal, the public documents show."

"Prior to selling the sites to Fortinet, Intuitive Surgical had bought the seven parcels in recent years in a series of separate transactions that occurred in 2019, 2020, 2021, 2022, and 2024, according to county real estate files. The just-bought properties have addresses that include 927 and 933 Kifer Road and 150, 158, 164, and 170 Commercial St. in Sunnyvale."

"All told, Fortinet has plunked down $608.9 million to collect properties in Sunnyvale, Santa Clara and Union City, according to this news organization's review of real estate records in Santa Clara County and Alameda County. With the most recent deal, Fortinet has now spent $383.7 million to purchase properties in Sunnyvale and Santa Clara."

Fortinet, a cybersecurity company based in Sunnyvale, acquired seven properties across the street from its headquarters at 909 Kifer Road for $47 million in an all-cash transaction. The parcels, previously owned by Intuitive Surgical, include addresses at 927 and 933 Kifer Road and 150, 158, 164, and 170 Commercial Street. These properties complement a parcel at 925 Kifer that Fortinet purchased in 2018. Two additional parcels on Commercial Street owned by Olander Co. remain unbought but could complete the rectangular site assembly. Fortinet has invested $608.9 million across multiple Bay Area locations, with $383.7 million spent in Sunnyvale and Santa Clara, and $225.2 million in Union City.

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