Newmark Secures $167.1M Acquisition Financing for Santa Clara Office Campus
Newmark has successfully arranged $167.1 million in acquisition financing for The Campus @ Scott, a premier three-building, 460,000-square-foot Class A office complex located at 3315, 3325, and 3355 Scott Boulevard in Santa Clara, California. The deal stands as one of the largest office transactions in Silicon Valley so far this year, signaling growing investor confidence in the regional office market.
The borrower in the transaction was a joint venture formed by San Francisco-based Ellis Partners and Boston-based investment manager The Baupost Group. New York City-based Clarion Partners served as the seller. Newmark’s team, consisting of Executive Vice Chairman Ramsey Daya, Executive Managing Director Chris Moritz, and Associate Director Connor Stapleton, represented the joint venture in sourcing the financing.
The sale of The Campus @ Scott was finalized last month, with reports citing a purchase price of $207 million. “This transaction is the first clear institutional marker of Silicon Valley’s rebound,” said Daya. “The strong lender interest underscores renewed conviction in financing the highest-quality office assets, while tenants are once again seeking best-in-class campuses to fuel their growth.”
The acquisition further highlights the appeal of well-located, top-tier office properties as employers look to elevate workplace environments and attract talent in a competitive market.
