UNION CITY — A big tech company has widened its shopping spree for East Bay properties in a deal that is a reminder that some Bay Area technology firms are still betting on expansion despite uncertain times.
Fortinet has bought an industrial and warehouse building in Union City for $16.2 million, according to documents filed on Aug. 28 with the Alameda County Recorder’s Office.
This tech company’s purchase of a building at 33372 Transit Avenue in Union City is the latest in a series of property purchases in the East Bay municipality over the last eight years, county real estate files show.
With its latest East Bay deal, Fortinet has paid a combined total of $225.2 million to purchase sites in Union City.
Fortinet’s purchases are all in a business district near the Interstate 880-Whipple Road interchange and the intersection of Atlantic Street and Central Avenue.
The tech company’s Union City purchases are primarily commercial, industrial and warehouse buildings.
Fortinet has undertaken a much larger property assembly in the South Bay.
The cybersecurity company has paid an eye-popping $326.7 million for numerous properties in Sunnyvale and Santa Clara, according to this news organization’s review of public real estate documents.
Fortinet’s purchases include a site where the company built its current headquarters at 909 Kifer Road in Sunnyvale.
Fortinet’s largest deal in the South Bay came in January 2024 when the company paid $192 million for a huge Texas Instruments campus that consists of multiple office and research buildings at and near 3833 Kifer Road in Santa Clara.
ln an all-cash deal, Fortinet paid $192 million for the 27-acre tech campus, county real estate documents show. That was Fortinet’s largest deal in Santa Clara County by far.
Fortinet has said little about its long-range purpose for the properties in the South Bay and East Bay.
The most recent Fortinet purchase involves a building that totals 52,000 square feet, according to the PropertyShark website.
Despite nearly three years of painful layoffs by tech companies that have eliminated well over 43,000 jobs in the Bay Area, multiple technology firms are still seeking ways to broaden their footprints in the region.
In recent years, Google, Applied Materials, Intuitive Surgical, Fortinet, and Apple have popped up with purchases of many properties in the South Bay and East Bay.
The property purchases by these and other companies were undertaken to enable these tech titans to own properties for long-term growth and elbow room, some experts believe.
