Apple continues to expand its footprint in the South Bay with another major real estate purchase. This time, the company spent $216 million to buy two office buildings in Cupertino, adding to a growing list of recent acquisitions.
Apple’s South Bay buying spree continues
Over the past several months, Apple has steadily increased its real estate holdings across Santa Clara County. Since June, the company has spent more than $1 billion on office campuses and standalone buildings in Cupertino and Sunnyvale.
Now, the latest deal pushes that total even higher.
Details of the Stevens Creek purchase
According to public filings, Apple bought two office buildings located at 19319 and 19339 Stevens Creek Boulevard. Together, the properties offer about 266,500 sq ft of office space. Apple paid for both buildings entirely in cash.
Notably, Apple already occupied both buildings and had leased them for several years before completing the purchase.
What Apple says about the expansion
When asked about the deal, Apple emphasized its long-term commitment to the region.
“The Santa Clara Valley has been our home for nearly 50 years, and we’re proud to continue investing in world-class facilities here,” said Kristina Raspe, Apple’s vice president of Global Real Estate and Facilities.
She added that these spaces support collaboration among employees and help serve customers worldwide.
Reported by SiliconValley.com
According to SiliconValley.com, the Stevens Creek deal alone cost $216 million and brings Apple’s real estate spending since June to roughly $1.1 billion. The report also notes that Apple’s total Bay Area expansion this year will exceed 1.5 million square feet of office and lab space.
Breakdown of Apple’s 2025 property purchases
So far this year, Apple has completed several large deals, including:
- Cupertino Gateway campus
On June 24, Apple paid about $166.9 million for a three-building campus on North Tantau Avenue totaling roughly 220,700 square feet. - Mathilda Commons in Sunnyvale
On June 26, Apple spent $350 million on a two-building campus covering about 382,500 square feet. - Sunnyvale Mathilda and Maude campus
On September 25, Apple paid $365 million for a campus totaling around 636,500 square feet. - Stevens Creek Boulevard buildings
Most recently, Apple paid $216 million for two Cupertino office buildings totaling 266,500 square feet.
Looking ahead
Meanwhile, Apple continues to reshape its real estate portfolio. Earlier this year, the company sold a North San Jose office building to Samsung for $27 million.
At the same time, Apple is preparing to mark a milestone. In April 2026, the company will celebrate 50 years in Cupertino and the broader South Bay, underscoring how central the region remains to its long-term plans.
