Tim Cook Of Apple Acquires Office Campus From Jay Paul Co For $350 Million In Sunnyvale

The transaction involved a two-building office asset located at 615 & 625 North Mathilda Avenue in Sunnyvale, which spans 382,500 square feet. The property was sold for $350 million, resulting in a price per square foot of $915 in the Sunnyvale market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $350,000,000
• Buyer: Tim Cook - Apple
• Seller: Jay Paul - Jay Paul Co.
• Square Footage: 382,500
• Price per Square Foot: $915

This acquisition marks a substantial move for Apple, as it reinforces the company's long-term commitment to real estate in Santa Clara County, bringing its total expenditure in the region to $517 million within the same week. Tim Cook represented Apple in this transaction, while Jay Paul represented Jay Paul Co.