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5/27/26
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Ellis Partners and Boston-based investment manager The Baupost Group have acquired Great America Commons, a 635k sf, multi-tenant office project in Santa Clara. The property sold for around $310 mil in one of the largest Bay Area trades for 2026.
The two Class A office and R&D buildings are located at 4555-4655 Great America Pkwy, within the rapidly evolving Santa Clara Stadium corridor, which has become a leading corporate destination in Silicon Valley.
The asset is currently 77% leased to a diversified roster of tenants, including Texas Instruments, Ampere Computing, and the San Francisco 49ers. The campus includes 2.5 acres of outdoor meeting and recreational spaces featuring sports courts, a game lawn, an outdoor theater, in addition to other gathering areas.
Great America Commons showcases the results of recent capital investments, centered on a state-of-the art, solar-powered, net zero-energy amenity building with full-service café, an indoor/outdoor fitness center, and shared conferencing rooms.
The seller was PGIM, the global asset management business of Prudential Financial Inc.
The campus benefits from proximity to industry leaders, including Nvidia, Amazon, Zscaler, Johnson & Johnson, Applied Materials, and Intel, creating a concentrated ecosystem that continues to attract high-caliber companies and reinforcing long-term tenant demand in this premier business destination.
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