Amazon buys Milpitas campus as spree continues
MILPITAS >> Amazon has widened its shopping spree for Bay Area properties with the purchase of a big office and research campus in Milpitas that could provide fresh expansion space for the tech titan.
The e-commerce behemoth bought a 29-acre site with several office and research buildings near the corner of South Milpitas Boulevard and Gibraltar Drive, according to documents filed on Oct. 1 with the Santa Clara County Recorder’s
Office.
Amazon paid $123 million in cash for the property, which is about two blocks away from The Great Mall, the county records show.
The site consists of four buildings and open space that could be used for the development of a fifth building or additional parking, according to a marketing brochure that has been distributed by CBRE, a commercial real estate firm.
The buildings together total 395,300 square feet, the CBRE brochure stated. The campus is known as Metro Corporate Center,
according to the brochure.
The addresses of the buildings are 909, 1001
and 1051 S. Milpitas Blvd. in Milpitas, the property records show.
Amazon.com Services, a commerce and delivery unit of the tech titan, bought the Milpitas campus.
In 2020 and 2021, units of Seattle-based Amazon have bought several big sites in the Bay Area, in addition to the just-purchased Milpitas campus:
• On Sept. 16, Amazon. com Services paid $75 million for several parcels in eastern Pleasanton.
• In October 2020, Amazon bought a choice site at 1605 S. Seventh St. near downtown San Jose in a $59.3 million deal.
• In August 2020, Amazon paid $31.3 million for roughly 66 acres of farmland in a rural section of Gilroy.
In addition to the property purchases, Amazon has also widened its presence in the Bay Area through an array of leases, including rental agreements for large office spaces in Sunnyvale.
The future of the justbought Milpitas property has yet to be crafted, Amazon said.
“Plans for this site have not yet been solidified so, at this point, we cannot confirm what the site will be used for,” Natalie Wolfrom, an Amazon spokesperson, said in comments emailed to this news organization.