Broadcom Plans to Sell 1M SF of VMware’s Palo Alto Campus – Connect CRE

Semiconductor giant Broadcom is seeking to sell nearly two-thirds of the 1.6 million-square-foot Palo Alto campus it acquired in November, the San Francisco Chronicle reported Wednesday. The company, which acquired competitor VMware for $69 billion, plans to sell about one million square feet of the former VMware property at 3401 Hillview Ave. and occupy the remaining 600,000 square feet for its headquarters.

Pricing for the Palo Alto property, which is divided into two parcels, isn’t…