Apple has acquired an office property in Sunnyvale for approximately $162.2 million, converting a subleased location into an owned asset as part of its ongoing real estate activity in Silicon Valley, according to reporting from the Silicon Valley Business Journal.
The property is located at 684 W. Maude Ave. in the Peery Park district of Sunnyvale. The building sits less than a mile from a cluster of nearby office properties in the city that Apple purchased from Kilroy Realty in a separate transaction completed in September of last year, underscoring the company’s continued concentration of workspace in this part of Silicon Valley.
Newmark’s first-quarter 2026 Silicon Valley office report notes that Apple executed a sublease at 684 W. Maude in 2025 covering 194,624 square feet. That sublease transaction closed in late 2025 and preceded the current purchase of the asset. The sublease established Apple as a major occupier at the property before the company moved to take full ownership.
The most recent Sunnyvale buy adds to a string of sizable office investments Apple has made across Silicon Valley in recent years, particularly focused on buildings it already occupies under lease. The Business Journal reports that in December, Apple paid $216 million for two office buildings in Cupertino that it had leased since 2015. In a separate deal last June, the company acquired another group of buildings along the border between Cupertino and Santa Clara for $167 million.
Taken together, these transactions highlight Apple’s strategy of converting key leased properties into owned facilities within the region, rather than downsizing or exiting locations where it has an established presence. While detailed deal terms beyond purchase prices have not been disclosed, the company’s recent activity reflects a willingness to commit significant capital to long-term control of its Silicon Valley footprint.
The latest Sunnyvale acquisition, combined with Apple’s earlier Cupertino and Cupertino-Santa Clara purchases, suggests an emphasis on maintaining and consolidating office clusters in established tech corridors. For local office markets in Sunnyvale and the broader Silicon Valley area, such owner-occupier activity from a major technology tenant provides a notable point of contrast to broader headlines around space givebacks and downsizing elsewhere in the sector.
