Apple Acquires Additional Office Space in Cupertino for $160 Million
AI-summarised brief · reviewed before publication
In a recent development, Apple has purchased the Tantau office complex, located near Apple Park, for $160 million. The large office building, with a total area of 220,700 square feet, was already being utilized by Apple through a lease, but the company has now acquired it outright. The Tantau office complex, also referred to as Cupertino Gateway, is situated near the Apple Fitness Center and Apple Park's oval parking garages, just off N Tantau Avenue, which leads to Apple's campus. According to a report from Mercury News, the sale was filed with Santa Clara County on June 24. Apple Park, a massive campus in Cupertino, features The Ring, a 2.8-million-square-foot circular building that can accommodate up to 12,000 employees. Despite its massive size, Apple still requires additional space and occupies several buildings in the surrounding area. The company has been using these additional offices for meetings, research, and other purposes, which provide easier access and more parking than Apple Park. Apple relocated from its One Infinite Loop headquarters to Apple Park in 2017, although the move was delayed due to the COVID-19 pandemic. Since then, the campus has become fully operational. The acquired office complex, with its address listed as 10200 N Tantau Ave, is one of the many properties owned by Apple in Cupertino. The company's growing presence in the area underscores its commitment to expansion and innovation.
