Ken Xie Of Fortinet Acquires Seven Industrial Parcels From Intuitive Surgical For $47M In Sunnyvale

Fortinet acquired seven parcels located at 909, 927, 933 Kifer Road and 150, 158, 164 & 170 Commercial Street in Sunnyvale. The industrial properties were sold for a total price of $47,000,000, and the transaction was executed as an all-cash deal. This acquisition is part of Fortinet's strategy to expand its regional campus and is aimed at assembling an adjacent headquarters campus across Silicon Valley.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $47,000,000
• Buyer: Ken Xie - Fortinet
• Seller: Intuitive Surgical
• Date of Transaction: 03/04/2026
• Market: Sunnyvale

Ken Xie represented Fortinet in this acquisition, underscoring the company's commitment to expanding its footprint in the region. The purchase of these parcels complements previous acquisitions Fortinet made in nearby cities, aligning with their long-term strategic objectives.