Ken Xie Of Fortinet Acquires Office Parcels For $15 Million In Sunnyvale, CA

The transaction involved two office parcels located at 140 and 144 Commercial Street in Sunnyvale, California. The sale price was $15,000,000, and the sites are positioned across from Fortinet's Sunnyvale headquarters. This acquisition completes the final land assembly necessary for Fortinet's planned South Bay campus expansion.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,000,000
• Buyer: Ken Xie
• Company: Fortinet
• Address: 140 & 144 Commercial Street, Sunnyvale, CA

Ken Xie, representing Fortinet, is the key individual in this acquisition, which enhances the company's footprint in the region. This strategic purchase supports the company's expansion plans by consolidating the required land for development.