real estate

Medical Device Maker Spends $157M on Santa Clara Properties

Medical device manufacturer Intuitive Surgical; has acquired three Santa Clara properties for a combined $157 million, reported the Mercury News. All three are adjacent to the Sunnyvale sites where the medical tech company is developing a 1.17-million-square-foot campus and had previously spent well over $100 million to buy an array of properties.

The Santa Clara sites, all acquired from Bayview Development Group, included the following:

  • $81 million for a research and office building leased to Apple on a site bounded by Kifer Road, San Ysidro Road, Tahoe Way and Semiconductor Drive, also known as 3689 Kifer Rd.
  • $71 million for a brand-new office building at 3655 Kifer Rd. next to Lawrence Expressway that totals 184,600 square feet.
  • $5 million for a small building at 2999 San Ysidro Rd.

“Intuitive Surgical, whose high-profile products include a cutting-edge surgical robot, is on an expansion quest, in sharp contrast to numerous tech companies that seek to retrench,” according to the Mercury News.

Pictured: 3655 Kifer Rd., courtesy of Bayview Development Group.


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