Tech company’s Bay Area property spree tops a half-billion dollars

UNION CITY — Fortinet has widened its shopping spree for Bay Area real estate with the purchase of a Union City building, sending the value of its real estate acquisitions in the nine-county region past a half-billion dollars.

The tech company’s property-buying expeditions are even larger in the South Bay than they are in Union City.

All told, Fortinet has paid $535.7 million to buy properties in Sunnyvale, Santa Clara and Union City.

In Alameda County, Fortinet, a cybersecurity company, has spent an eyebrow-raising $209 million to buy several commercial or industrial properties in Union City, according to a review by this news organization of Alameda County public documents going back to 2016.

In the most recent East Bay deal, Fortinet paid $14.8 million for an industrial building at 1550 Atlantic Street in Union City, documents filed on Jan. 29 with the Alameda County Recorder’s Office show.

The seller, Northwood Design Partners, a manufacturer of custom-made furniture, occupies the site. The 1550 Atlantic building totals about 54,000 square feet, according to the Property Shark website.

Starting in 2016, Fortinet has bought nine parcels in Union City in eight separate transactions, including the most recent one, Alameda County records show.

Sunnyvale-based Fortinet has launched an even larger buying effort in Santa Clara County, an effort that extends back more than a decade to 2012.

Fortinet has paid $326.7 million for numerous properties in Santa Clara County, according to this news organization’s review of public real estate documents.

The cybersecurity company’s purchases include a site where the company built its current headquarters at 909 Kifer Road in Sunnyvale.