In addition to Apple's dream space-ship like 'Mothership' campus that is expected to open in 2015, the Cupertion company has leased out a nine building campus in Cupertino, just west of De Anza College, currently known as the Results Way Corporate Center and sits at 5 Results Way Cupertino, CA.
City officials and industry experts with direct knowledge of the transaction confirmed the rental deal.
Mercury News reports:
"Up to 1,300 people could work at the Results Way complex. That number is derived from parking ratios supplied by the city of Cupertino.
The complex consists of nine buildings, according to an offering flier issued by the property owner, Belmont-based Embarcadero Capital Partners. The buildings are being marketed by brokers from the San Jose office of Colliers International, a commercial realty brokerage."
"This is all good news for the city," said Kelly Kline, Cupertino's city economic development manager. "Apple is the premier corporation in Cupertino."
"I would expect some renovation work will be done there before Apple moves in," Kline said.
In early June, Apple disclosed a proposal for what's been dubbed the company's "spaceship" campus, which would contain 13,000 employees and serve as Apple's headquarters. CEO Steve Jobs appeared at a Cupertino City Council meeting to unveil the plans.
"Apple is going through remarkable growth," said Todd Shaffer, a senior vice president with Cornish & Carey Commercial, a realty firm. "Results Way is one of the few large campuses that they could lease. Apple has been expanding aggressively in Cupertino."
Apple may have to cast a wider net if it wants to find more offices to occupy.
Apple's demand for space is more than what Cupertino and the surrounding areas can hold it seems:
"With the demand that we are seeing from Apple, they are starting to outstrip supply in Cupertino," said Rob Shannon, a senior vice president with CB Richard Ellis, a commercial realty firm. "Cupertino and Mountain View are pretty much out of space."