Apple Buys Massive 43-Acre Development Site In North San Jose -- August 3, 2015

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Shortly after leasing a 300,000 square foot campus in North San Jose, Apple has expanded on its real estate holdings in the area, buying a 43-acre development site at 2347 North First Street for more than $138 million.

According to the Silicon Valley Business Journal, the site, which consists of undeveloped land, is approved for up to 2.8 million square feet of office space, much like Apple's Campus 2 location in Cupertino. Apple has not submitted building plans for the site, and it is unclear what the company plans to do with the land.

Apple is expanding rapidly in the Bay Area. In addition to the second Cupertino campus and the 300,000 square feet of space leased in San Jose in July, the company made its first real estate lease in San Francisco last week, signing a deal for 76,000 square feet of office space.

Along with office space, Apple is also said to be seeking additional space for both industrial purposes and research and development, possibly for undisclosed projects like its Apple Car.