Ellis Partners Acquires Santa Clara Office Campus in $207 Million Deal
Ellis Partners, in collaboration with Boston-based investment manager The Baupost Group, has completed the acquisition of The Campus at Scott, a three-building, mid-rise Class A office complex located in Santa Clara, California. The 460,000-square-foot property comprises offices at 3315, 3325, and 3355 Scott Boulevard.
The seller, New York-based Clarion Partners, reportedly sold the complex for $207 million, according to SiliconValley.com. While Ellis Partners did not officially disclose the purchase price, the transaction underscores continued investor interest in high-quality Silicon Valley assets.
“We are thrilled to add these high-quality buildings to our growing portfolio of Silicon Valley office and R&D assets,” said Kevin Bocci, Senior Vice President at Ellis Partners. “We were attracted to the intrinsic qualities of the buildings – timeless architecture, high-quality interiors, and excellent natural light. Coupled with our planned investment to upgrade the campus’ amenities including fitness, food, and outdoor areas, we are excited to reintroduce the project and partner with Silicon Valley companies on their real estate needs going forward.”
The acquisition reflects confidence in the long-term resilience of the Silicon Valley office market and is part of Ellis Partners’ ongoing strategy to develop and manage top-tier commercial real estate across Northern California.
