Ellis Partners has finalized the purchase of the Campus at Scott, a three-building, mid-rise 460,000-square-foot Class A office complex in Santa Clara. The properties are located at 3315, 3325, and 3355 Scott Blvd. and are being acquired in partnership with Boston-based investment manager The Baupost Group.
The seller was New York-based Clarion Partners. Although Ellis did not disclose the purchase price, SiliconValley.com reported it as $207 million.
“We are thrilled to add these high-quality buildings to our growing portfolio of Silicon Valley office and R&D assets,” said Kevin Bocci, SVP at Ellis. “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.”
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