SUNNYVALE — A tech titan has expanded his Bay Area real estate shopping spree with the acquisition of a nondescript constructing within the South Bay, a spending spree that now totals well over 1 / 4 billion dollars.
Applied Materials paid $15 million to buy an industrial and warehouse constructing in Sunnyvale, in accordance with documents filed April 9 with the Santa Clara County Recorder's Office.
The constructing is situated at 222 Commercial Street and has a complete area of 24,000 square feet, in accordance with industrial real estate listing service Loopnet.
Santa Clara-based Applied Materials has acquired quite a few properties in Sunnyvale in recent times.
The semiconductor equipment maker's real estate purchases in town are all relatively near the corporate's headquarters on Bowers Avenue in Santa Clara.
Including probably the most recent acquisition, Applied Materials paid $296.4 million to buy a lot of properties in Sunnyvale.
The maker of semiconductor and display manufacturing equipment has also resorted to subleases to expand its footprint in its hometown of Santa Clara.
Applied Materials has acquired 246,000 square feet of space from Aruba Networks at 3333 Scott Blvd. sublet and your entire office constructing was taken over. The company also has 122,000 square feet at 3325 Scott Blvd. sublet. from Palo Alto Networks.
Applied Materials' seek for Sunnyvale real estate began in August 2018 with the acquisition of a constructing at 928 East Arques Ave.
The deals are a reminder that the businesses that make up Silicon Valley's economy never advance in lockstep.
The largest single deal in Applied's Sunnyvale purchasing effort got here in 2019, when the corporate paid $100.9 million for a technology campus with large office buildings leased to Apple at addresses between 1050 and 1090 East Arques.
Further property purchases could also be planned, in accordance with district documents.
The Sunnyvale property purchases could help bolster a large latest technology complex that Applied Materials is planning.
The future applied materials complex is often called a middle for equipment and process innovation and commercialization.
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