Sunnyvale – a large technology company has added two Sunnyvale buildings to the shopping for Silicon Valley Properties in a purchase that shows that the technical industry is still hungry for Prime South Bay Real Estate.
Fortinet has paid $ 10 million for two research and office buildings in Sunnyvale, according to documents submitted on 30 May to the office of the Santa Clara County Recorder.
With the newest deals, Fortinet has now issued Sunnyvale more than half a billion dollars to collect a range of properties in the South Bay and East Bay.
The buildings just purchased have addresses from 130 and 139 Kifer Court in Sunnyvale, according to the district documents.
Fortinet has paid $ 562.9 million to buy mainly non -describing office, research or industrial buildings in Sunnyvale and Union City, according to the assessment of this news organization of public real estate documents in recent years.
Here are some details of Fortinet’s efforts to blame and act in real estate in Bay Area.
– In Sunnyvale, Fortinet spent $ 337.7 million to buy real estate in a series of transactions in Santa Clara County who started in 2012.
– In Union City, Fortinet has spent $ 225.2 million in recent years to buy properties, according to Alameda County documents.
-The Sunnyvale documents are all near the location of Fortinet’s striking Sunnyvale headquarters at 909 Kifer Road. The new headquarters of the company is on a site that Fortinet has purchased as part of its push to collect property in Sunnyvale.
-The largest South Bay deal from Fortinet seems to be the purchase of $ 192 million in January 2024 of a 27-hectare Sunnyvale campus that sold Texas instruments to Fortinet.
Regarding the recent purchase of the buildings of the Kifer Court, Fortinet bought the properties via an All-cash deal, according to the real estate records. Cushman & Wakefield, a commercial real estate company, arranged the transaction.
R1 RCM is the entity that the Kifer Court buildings sold to Fortinet, show the real estate files.
Both buildings are two floors, and each total 30,000 square feet, a marketing brochure from Cushman and Wakefield. The country among the two buildings is a combined three hectare.
Despite almost three years of painful fired by technology companies that have eliminated more than 43,000 jobs in the Bay Area, several technology companies are still looking for ways to broaden their footprints in the region.
In recent years, Google, applied materials, intuitive surgical, fortinet and Apple have been published with purchases of many properties in the South Bay and East Bay.
The purchase of real estate by these and other companies were carried out to enable these technical titans to possess property for long -term growth and elbow space, some experts believe.
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