Apple has spent nearly $1 billion this year acquiring real estate and plans to buy another campus in California's Silicon Valley.According to the San Francisco ChronicleAccording to reports, Apple is acquiring the Mathilda Campus, located at 505-599 North Mathilda Avenue and 605 West Maud Avenue, from Kilroy Realty Corporation. The campus consists of four buildings.
The site contains approximately 663,000 square feet of office space, of which Apple has leased more than 580,000 square feet, accounting for approximately 88% of the complex. The transaction is expected to close in the third quarter of 2025 at a price of $550 per square foot.
Kilroy disclosed in its second-quarter earnings report that it was under contract to sell a "four-building campus in Silicon Valley," but did not disclose the identity of the buyer. Two people familiar with the matter confirmed to the San Francisco Chronicle that the buyer was Apple and that the property in question was the Mathilda campus.
The acquisition of Mathilda Campus follows two other major acquisitions by Apple in recent months. In June of this year, Apple acquired Cupertino Gateway, located at 10200 North Tantau Avenue, adjacent to its Apple Park headquarters, for $166.9 million. In July, the company paid $350 million for two more office buildings at 615 and 625 North Mathilda Avenue, adjacent to the Mathilda Campus. Like Mathilda Campus, Apple previously leased and occupied much of the building.
Combined, the three deals totaled about $882 million over the course of a few weeks. All three locations are located within a few miles of Apple Park.
