Photo: JOSH EDELSON, AFP/Getty Images
Commercial office leasing may be taking a hit due to the pandemic in San Francisco, but last week saw a bright spot in Silicon Valley real estate.
Four office buildings occupied by Apple have been purchased by a group led by an executive with a worldwide private real estate investment fund for $73.8 million, as first reported by The Mercury News.
Public documents filed Sept. 11 in Santa Clara County show that 10300 Bubb Road, 10411 Bubb Road, 10440 Bubb Road, and 10450-10460 Bubb Road in Cupertino were bought by a fund linked to Zahid Rahimtoola, a Palo Alto-based chief operating officer with Global Asset Capital. The properties span 110,000 square feet.
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SFGATE reached out to commercial real estate firm Cushman & Wakefield, which arranged the purchase, but did not hear back as of publishing. We will update the story if we learn more.
Tessa McLean is a digital editor with SFGATE. Email her at [email protected] or follow her on Twitter @mcleantessa.