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Newmark Secures $167.1 Million in Financing for Santa Clara Office Acquisition
Newmark has successfully arranged $167.1 million in acquisition financing for The Campus @ Scott, a premier three-building, Class A office complex located at 3315, 3325, and 3355 Scott Boulevard in Santa Clara. The 460,000-square-foot property represents one of the largest office transactions in Silicon Valley so far this year, signaling strong investor confidence in the region’s commercial real estate sector.
The financing was arranged on behalf of the buyer, a joint venture between San Francisco-based Ellis Partners and Boston-based investment manager The Baupost Group. Representing the borrower in the deal were Newmark’s Executive Vice Chairman Ramsey Daya, Executive Managing Director Chris Moritz, and Associate Director Connor Stapleton. The seller was Clarion Partners, based in New York City.
The transaction officially closed last month, with the purchase price reported at $207 million. Daya noted the significance of this deal, stating, “This transaction is the first clear institutional marker of Silicon Valley’s rebound. 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.”
This high-profile deal not only highlights the resilience of the Silicon Valley office market but also confirms a growing appetite among institutional investors for top-tier real estate assets in tech-centric locations.
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