“Apple has agreed to lease a seven-building campus in Sunnyvale where the tech giant could move about 1,450 workers, according to city documents and commercial property sources,” George Avalos reports for The Oakland Tribune. “The deal is the latest sign of a remarkable burst of expansion by Apple. The tech company is busy leasing offices in Sunnyvale and Santa Clara at the same time it undertakes the construction of a massive 2.8 million-square-foot ‘spaceship’ campus in Cupertino that could accommodate 14,200 workers.”
“In the most recent expansion, Apple intends to occupy a 290,000-square-foot office complex known as Sunnyvale Crossing that is near the corner of Central Expressway and North Wolfe Road. Menlo Park-based Lane Partners bought the complex and then proceeded with a renovation to transform the decades-old buildings into a state-of-the-art office center,” Avalos reports. “Documents on file with the city of Sunnyvale show that building permit applications have been filed for the seven buildings in the campus, which is being marketed by Cornish & Carey Commercial, a realty brokerage.”
“In 2012, Apple leased two large buildings in Santa Clara a short distance from the Cupertino border as part of an expansion to that city,” Avalos reports. “Apple had insisted on leases in the three-to-five-year range at its various expansion sites in Sunnyvale, but now is signing 7-to-10-year leases, according to multiple people familiar with the deals. Those sources say the project in Santa Clara is one of those longer-term leases.”
Read more in the full article here.