Reported Sep 9, 2026 · Source: REBusiness Online
Broadcom Inc. has completed the acquisition of its Southern California campus in Irvine for $325 million. Washington, D.C.-based PRP Real Assets was the seller and had owned the campus since 2020. The Broadcom Corporate Campus totals 660,893 square feet and features two five-story office buildings, and Broadcom occupies the property on a net-lease basis.
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IRVINE, CALIF. — Semiconductor and infrastructure software company Broadcom Inc. (NASDAQ: AVGO) has completed the acquisition of its Southern California campus located in Irvine for $325 million. Washington, D.C.-based PRP Real Assets was the seller. Developed in 2017 and 2018, the campus was built as the corporate headquarters for Broadcom, which occupies the property on a net-lease basis. PRP Real Assets has owned the campus since 2020. Situated within the Irvine Spectrum District, the Broadcom Corporate Campus totals 660,893 square feet and features two five-story office buildings. Gensler designed the 9.6-acre campus, which also features nearly 3,000 parking spaces. According to PRP Real Assets, the property benefits from its location near retail, dining, hotels and public transportation, with the latter including the Irvine Station. “Broadcom’s decision to acquire the campus underscores the property’s importance to the company’s operations and validates the principles behind our mission-critical net lease strategy,” says Paul Dougherty, president of PRP Real Assets. “The campus combines a high-quality asset, a strong tenant and an irreplaceable location in one of the nation’s leading technology markets.” PRP Real Assets is a privately held real estate investment and management company. Founded in 2005, the firm has acquired more than $6…
Broadcom Acquires Corporate Campus in Southern California for $325M
Article date: 2026-09-09T11:42:00+00:00
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