SANTA CLARA — Fortinet has bought a big Silicon Valley tech campus in a deal that extends the cybersecurity tech company’s South Bay shopping spree past the $300 million mark, public records show.
Sunnyvale-based Fortinet paid $192 million to buy a large campus that consists of multiple office and research buildings at and near 3833 Kifer Road in Santa Clara.
Texas Instruments, one of the big names in the semiconductor industry, sold the campus to Fortinet in an all-cash deal, according to documents filed on Jan. 26 with the Santa Clara County Recorder’s Office.
This deal appears — by far — to be the largest single amount that Fortinet has paid as part of the tech company’s remarkable expansion of its Silicon Valley footprint, which has been growing both in Sunnyvale and Santa Clara.
So far, Fortinet has paid $326.7 million for many properties in Santa Clara County as part of a buying binge that began more than a decade ago in 2012.
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The slew of Sunnyvale properties that Fortinet has been purchasing over the past decade are mostly unassuming industrial or commercial sites.
Along the way, Fortinet built and opened a new headquarters building at 909 Kifer Road in Sunnyvale. The new headquarters is on a site that Fortinet purchased during its real estate buying efforts.
The company has also been assembling properties in Union City in a fashion that could enable Fortinet to create an East Bay outpost.
The South Bay deal appears to mark the first time that Fortinet has bought a property in Santa Clara. The Texas Instruments site, however, is only a half-mile distant from the company’s Sunnyvale headquarters on Kifer Road.
Texas Instruments sold the Santa Clara campus in the wake of the chip titan’s deal to lease about 200,000 square feet of office space at 4555 Great America Parkway, also in Santa Clara.
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