It seems like Apple just completed its move into Apple Park just recently but apparently, the iPhone-maker is growing so quickly it already needs a major office space expansion.
Local news outlets in the Bay Area recently reported that Apple just gobbled up another two giant office complexes in Cupertino, giving the company over 200,000 square-feet within throwing-distance of the new Apple HQ and the old Infinite Loop campus it still uses.
Apple’s two new office complexes are right next to each other. One is located at 20300 Stevens Creek Blvd with 168,000 square feet of space. The other is on the adjacent property at 20330 Stevens Creek Blvd. and is 146,000 square feet in size.
Both buildings were occupied by Apple in the past. The company moved out but is now moving back in after other tech companies have used it. County documents discovered by Mercury News revealed Apple is paying $290 million for the two buildings. That’s well above the $135.1 million valuation that was stamped on the buildings as recently as June of this year.
Office space in Cupertino and the rest of Silicon Valley is in high demand right now though so Apple probably thought it best pay extra in order to keep employees close to Apple Park. Apple has recently expanded its offices in San Jose and Sunnyvale California but clearly prefers to stay rooted in Cupertino.
“The purchase of the two office buildings is definitely a way for Apple to have more control over locations in its home town,” said Dave Sandlin, an executive vice president with Colliers International, who spoke to Mercury News.