Apple has bought the Rancho Vista Corporate Center in San Diego, California, continuing its expansion in the city, reports the San Diego Union-Tribune (a subscription is required to read the article). The tech giant paid US$445 million for the property, its first commercial property purchase in the city, the article adds.
Rancho Vista Corporate Center is a 67.5 acre office campus located in the Rancho Bernardo submarket of San Diego. ffers a total of 816,771 square feet of office and R&D space spread across multiple buildings, including a three-story, Class A office building.
“We’ve been part of the community in San Diego for more than two decades, and are thrilled to continue investing here as we expand our world-class teams,” an Apple spokesperson told the Union-Tribune.
The article adds that the company has been building up its employment plans, and now aims to have 5,000 workers locally by 2026.
Last month, Apple signed two new leases along West Bernardo Drive in Rancho Bernardo, in San Diego, California, increasing its footprint in the office hub by 148,000 square feet, according to real estate tracker CoStar.
In April, Apple signed a lease for a single floor, or 52,800 square feet, in the recently renovated Rancho Vista Corporate Center located at 16409 West Bernardo Drive. And in May, the technology giant leased an entire building, or 95,166 square feet, at The Point at 16765 West Bernardo Drive.