Foxconn Subsidiary Pays $128M for Sunnyvale Tech Campus

Ingrasys Technology, a subsidiary of Foxconn specializing in cloud infrastructure, has acquired a 26.3-acre, six-building tech campus in Sunnyvale for $128 million. The San Francisco Business Times reported that the seller was Lane Partners, which acquired the complex from Fujitsu for $104 million in 2020 and originally planned to convert it into single-story industrial.

The site consists of six buildings with addresses of 1230, 1240, 1250, 1260, 1270 and 1280 E. Arques Ave. The buildings total 313,740 square feet, providing enough office space to accommodate up to 1,500 workers, SiliconValley.com reported.

Ingrasys hasn’t yet publicly stated why it acquired the property. A JLL team of Greg Matter, Bart Lammersen, David Sesi and David Ross marketed the complex on behalf of Lane Partners, reported the Business Times. Matter told the Business Times that he’d been told Agrisys bought the campus to enhance operations and support efforts to meet customer demand.

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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).

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