Broadcom Acquires Its 661,000 SQFT Irvine Headquarters Campus from PRP Real Assets for $325MM

The Palo Alto-based chipmaker converted from tenant to owner of its Irvine Spectrum headquarters, paying $325 million to landlord PRP Real Assets—roughly $492 per square foot and $30 million less than PRP paid five years ago—with more than a decade still left on its lease.