LinkedIn Corp. has just purchased the site of its global Sunnyvale headquarters campus for $323 million, a sign of its willingness to maintain a long-term presence in its home city. Seen here is the interior of one of two buildings that make up its global headquarters.
By Matthew Niksa – Commercial real estate reporter, Silicon Valley Business Journal
Jul 2, 2021
LinkedIn Corp. has just purchased the site of its global Sunnyvale headquarters — which the company was previously renting — for $323 million, a sign of its willingness to maintain a long-term presence in its home city.
In a deal that closed Thursday, the professional networking service purchased a two-building campus at 950, 1000 and 1020 W. Maude Ave. from an affiliate of Deutsche Bank, according to Santa Clara County property records. The campus contains 287,644 square feet of office and research-and-development space, according to data from commercial real estate analytics firm Reonomy, meaning LinkedIn spent about $1,122 a square foot to acquire the property.
