Apple has made its first property acquisition in San Diego, a $445M purchase of the 67.5-acre Rancho Vista Corporate Center, an eight-building complex encompassing 817K SF in the city's Rancho Bernardo submarket.
The deal, reported by the San Diego Union-Tribune, enlarges Apple's office footprint in San Diego to more than 1M SF and will help facilitate the tech giant's plan to increase its workforce in the city to 5,000.
In recent weeks, Apple inked two office leases in San Diego, including 53K of space at the Rancho Vista Corporate Center, located on West Bernardo Drive, and the entire footprint of a 95K building known as The Point at 16765 West Bernardo Drive.
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