Nvidia Acquires Four Santa Clara Office Buildings from The Sobrato Organization for $337M

Nvidia has acquired four office buildings totaling approximately 500,000 square feet in Santa Clara from The Sobrato Organization for more than $337 million, according to reporting by the Silicon Valley Business Journal, in a transaction that illustrates how AI-driven cash flows are reshaping office real estate in Silicon Valley.

The four-building complex is located at 2701, 2711, 2721, and 2731 San Tomas Expressway. Nvidia had occupied the properties as a tenant prior to the purchase.

Deal Structure and Pricing

The transaction was completed in two stages. The first phase covered three of the four buildings at a combined price of approximately $254 million. The final building, at 2701 San Tomas Expressway, was acquired separately for $83.2 million. Together, the four-building portfolio transacted at approximately $666 per square foot.

No cap rate or loan details were disclosed in connection with the transaction.

Market Context: AI Cash and Office Real Estate

The Nvidia-Sobrato deal comes amid a Silicon Valley office market characterized by elevated vacancy and cautious investor sentiment. Nvidia's acquisition demonstrates how technology companies with strong balance sheets — bolstered in Nvidia's case by AI-related revenue growth — are able to pursue owner-occupier strategies. The Silicon Valley Business Journal first reported the transaction on March 20, 2026.