Apple has bought an undeveloped 43-acre site in San Jose in a deal worth US$138 million, according to the Silicon Valley Business Journal (http://tinyurl.com/phylr7v). It could add as much as 2.8 million square feet of space to Apple’s inventory, the article says.
The deal comes on the heels of Apple’s lease of property from Ellis Partners in an already constructed building almost next door. The Cupertino-based company is the new tenant of the 290,000-square-foot building near the corner of Orchard Parkway and Charcott Avenue in North San Jose.
Apple is currently building out their Campus 2 — the “spaceship campus” in Cupertino, California. It’s expected to launch next year.