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9/10/25
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The Campus @ Scott, a three-building, 460k sf Class A office complex in Santa Clara, was acquired by a joint venture of San Francisco-based Ellis Partners and Boston-based investment manager, The Baupost Group. The property is located at 3315, 3325 and 3355 Scott Blvd, east of Lawrence Expwy and just south of Hwy 101.
Although we don’t have the exact price, industry sources say the deal closed at around $210 mil, almost a third less than what the seller, Clarion Partners, paid for the property back in 2015. We can tell you that the buyer secured acquisition financing of $167.1 mil to purchase the asset. We’re told that this transaction ranks among the largest office trades in Silicon Valley year-to-date, based on square footage, according to Real Capital Analytics.
Built in 2013 and anchored by Applied Materials, The Campus @ Scott is strategically located in the heart of Silicon Valley and exemplifies the amenity-rich office campus that tenants are seeking. Buoyed by the expansion of AI sectors such as infrastructure, hardware and software, companies in the Silicon Valley are pursuant of this kind of high-quality space to fuel their enterprise growth.
Ramsey Daya, Chris Moritz and Connor Stapleton with Newmark arranged the acquisition financing for the buyer. According to Daya, the strong lender interest in the deal underscores renewed conviction in financing the highest-quality office assets, while tenants are once again seeking best-in-class campuses to fuel their growth.
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