CUPERTINO — Apple has widened its shopping spree for South Bay real estate by paying $216 million to buy two office buildings on Stevens Creek Boulevard in Cupertino, in a deal that further cements its Bay Area presence.
The iPhone maker has now paid about $1.1 billion to purchase office properties in Santa Clara County so far this year. The purchases began in late June and have continued into this week.
A group whose principal executives include Peter Pau, president of Sand Hill Property Co. and the driving force behind some of the Bay Area’s most high-profile redevelopment efforts, sold the property to Apple.
Cupertino-based Apple bought the two office buildings through an all-cash deal, documents filed on Dec. 11 with the Santa Clara County Recorder’s Office show. The buildings are part of the mixed-use Main Street Cupertino complex.
“The Santa Clara Valley has been our home for nearly 50 years, and we’re proud to continue investing in world-class facilities here that are designed to foster innovation and collaboration amongst our team members in support of our customers around the world,” Kristina Raspe, Apple’s vice president of Global Real Estate and Facilities, said in comments the company emailed to this news organization.
The just-bought office buildings are located at 19319 Stevens Creek Blvd. and 19339 Stevens Creek Blvd. Apple occupies both buildings and had been leasing them from a Peter Pau-led affiliate for several years.
The 19319 Stevens Creek building totals about 136,600 square feet, while the 19339 Stevens Creek building is about 129,900 square feet, according to information in commercial real estate databases. Cushman & Wakefield brokers Erik Hallgrimson and Brandon Bain are the leasing agents for the buildings.
Here are some details of Apple’s purchases so far in 2025, according to county real estate records:
• On June 24, Apple paid $166.9 million for a three-building Cupertino office campus at 10200 North Tantau Ave. that totals roughly 220,700 square feet. PGIM, which manages real estate and other assets for Prudential Financial, sold the campus.
• On June 26, Apple paid $350 million for the Mathilda Commons office campus in Sunnyvale. The 382,500-square-foot two-building campus is at 615 and 625 North Mathilda Ave. Veteran real estate development firm Jay Paul Co. was the seller.
• On Sept. 25, Apple paid $365 million to buy a Sunnyvale office campus. That campus totals 636,500 square feet and has addresses of 505 and 555 North Mathilda and 605 West Maude Ave. Kilroy Real Estate sold the property.
In February, Apple sold a North San Jose office building to Samsung for $27 million. That building totals 70,700 square feet and is next to a Samsung regional office campus that totals 1.1 million square feet and includes a 10-story tower.
Apple’s office building purchases this year exceed 1.5 million square feet of office and lab space, the company said.
In April 2026, Apple will celebrate its 50th anniversary, marking a half-century in Cupertino and the broader South Bay for the tech titan, according to the company.