Tech Giant Expands South Bay Real Estate Acquisition Spree...
Tech titan Fortinet snags Sunnyvale buildings in $10m real estate deal
It's clear the tech industry's appetite for prime Silicon Valley real estate remains insatiable. In the latest substantive purchase, cybersecurity company Fortinet has bagged two Sunnyvale buildings for a cool ten million clams.
According to papers filed on May 30th with the Santa Clara County Recorder's Office, Fortinet's wallet has now shed over half a billion dollars for an impressive collection of properties in the South Bay and East Bay.
The newly acquired buildings, known by their Kifer Court addresses (130 & 139), are now part of Fortinet's empire, as the county documents reveal. Cushman & Wakefield, a commercial real estate firm, brokered the deal.
Notably, the two buildings feature a combined 60,000 square feet of space, spread across two stories each. The land beneath them adds up to a generous three-acre patch.
This latest investment is a part of Fortinet's broader expansion strategy in Silicon Valley. The company, originally based in Sunnyvale, seems committed to the region's market, having spent a substantial $337.7 million on real estate transactions in the city since 2012.
These moves demonstrate Fortinet's hunger for growth and long-term presence in the bustling tech hub. Despite the ongoing tech layoffs that have terminated over 43,000 jobs in the Bay Area, tech companies including Fortinet, Applied Materials, and Apple continue their pursuit of prime real estate in the region.
With its latest Sunnyvale deal, Fortinet appears to be making a strategic move, expanding its footprint in the city where its flashy headquarters can be found. Its biggest known South Bay deal was a $192 million purchase for a sprawling 27-acre campus previously owned by Texas Instruments in 2024[3].
Sources:1. Documents filed with the Santa Clara County Recorder's Office2. Fortinet's expansion strategy3. Fortinet's biggest known South Bay deal4. Fortinet's recent real estate investments
The tech giant Fortinet's recent $10 million real estate deal in Sunnyvale is an illustration of their continued investment in the local business and real-estate sector. This move, part of the company's broader expansion strategy, is indicative of a long-term commitment in the tech-centric finance industry.
