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Broadcom Plans to Sell 1M SF of VMware’s Palo Alto Campus

Semiconductor giant Broadcom is seeking to sell nearly two-thirds of the 1.6 million-square-foot Palo Alto campus it acquired in November, the San Francisco Chronicle reported Wednesday. The company, which acquired competitor VMware for $69 billion, plans to sell about one million square feet of the former VMware property at 3401 Hillview Ave. and occupy the remaining 600,000 square feet for its headquarters.

Pricing for the Palo Alto property, which is divided into two parcels, isn’t known. CBRE has the listing, reported the Chronicle.

A supplier of semiconductor and infrastructure software, Broadcom was previously headquartered at 1320 Ridder Dr. in San Jose, where its real estate portfolio includes several other properties. The VMware campus was part of the deal for acquiring the company. Broadcom’s plan for its remaining San Jose buildings is not yet known.

Pictured: Current Broadcom headquarters in San Jose.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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