Apple has added to its South Bay real estate footprint by acquiring two office properties on Stevens Creek Boulevard in Cupertino, the Mercury News reported. A group whose principal executives include Peter Pau, president of Sand Hill Property Co., sold the properties to Apple for $216 million.
The computer giant already occupies 19319 Stevens Creek Blvd. and 19339 Stevens Creek Blvd., having leased them from a Pau-led affiliate for several years. The acquisition continues a buying spree in Santa Clara County that has totaled more than $1.1 billion and 1.5 million square feet since this past June, with Apple previously acquiring properties it leased in Sunnyvale as well as Cupertino.
19319 Stevens Creek totals about 136,600 square feet, while the 19339 Stevens Creek building is about 129,900 square feet, reported the Mercury News. Cushman & Wakefield brokers Erik Hallgrimson and Brandon Bain are the leasing agents for the buildings.
