Apple is set to purchase another campus in Silicon Valley, California, amid almost $1 billion of property purchases this year.
According to The San Francisco Chronicle, Apple is purchasing the four-building Mathilda Campus, located at 505–599 North Mathilda Avenue and 605 West Maude Avenue, from Kilroy Realty Corporation. The site comprises approximately 663,000 square feet of office space, of which Apple already leases over 580,000 square feet, which is roughly 88% of the complex. The sale is expected to close in the third quarter of 2025 at a rate of $550 per square foot.
Kilroy disclosed in its second-quarter earnings report that it is under contract to sell a “four building campus in Silicon Valley” but did not specify the buyer. Two individuals with direct knowledge of the transaction confirmed to The San Francisco Chronicle that the buyer is Apple and that the property in question is the Mathilda Campus.
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