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National Developer Smashes Price Record for Silicon Valley Suburb To Buy Apple-Leased Building

Hines' Purchase Underscores Investor Demand for Stability in Pandemic
A building leased to Silicon Valley tech giant Apple has been sold in a recent $68 million acquisition deal. (CoStar)
A building leased to Silicon Valley tech giant Apple has been sold in a recent $68 million acquisition deal. (CoStar)
CoStar News
February 12, 2021 | 9:57 P.M.

Developer Hines bought an office and research property leased entirely to computer and iPhone maker Apple in a deal that shattered pricing records for flex properties in Silicon Valley's Santa Clara, California, a sign of the tech industry's strong appeal among national investors.

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News | National Developer Smashes Price Record for Silicon Valley Suburb To Buy Apple-Leased Building