updated 12:25 am EST, Fri January 13, 2012
Google, AMD, Yahoo also there
Sunnyvale, California is emerging as another hot spot for technology companies, sparking a building boom as tech firms like Google, Yahoo, AMD and more recently Apple have expanded beyond their original headquarters and need space to house their thousands of employees. A tip from real estate agents to AppleInsider has revealed that Apple will be leasing a four-building complex known as the Sunnyvale Research Center near its Cupertino headquarters.
The complex covers some 215,000 square feet and is in addition to two other building Apple is leasing in Sunnyvale that have 100,000 square feet of space. Together, the six buildings could house around 1,300 people -- but real estate professionals say Apple is looking for more space, up to around 800,000 square feet.
The research center is only about seven miles from Apple's current headquarters, and is part of the "growing pains" the company is experiencing as it both expands its workforce and waits to complete a new, futuristic company HQ on land just a mile from its current location. The expansion by Apple and other tech companies has triggered new building starts in Sunnyvale and nearby Santa Clara. City officials are said to be excited about the promise of more tech companies in the area, especially wealthy ones like Google and Apple.
The expansion follows other Apple leases of buildings in Cupertino to house employees, including the former Results Way Corporate Center complex that offered nine connected buildings, which Apple leased in July. Former CEO Steve Jobs, in a presentation to the Cupertino City Council on the building of the new Apple headquarters, explained that the company was growing at such a pace that it had found it difficult to lease more office space for the organization.
It's not known if Apple intends to keep the leased buildings after the completion of the new one million square-foot headquarters, which is expected to open sometime in 2015. The company is currently doing some interior renovations to the existing leased properties. [via AppleInsider]