Peter Sullivan Of PSAI Realty Partners Acquires Office Complex In Campbell For $54 Million

The transaction involves office real estate located at 1901 South Bascom Avenue in Campbell. PSAI Realty Partners acquired the property for a total of $54 million, which corresponds to a price per square foot of $154. The total square footage of the property is approximately 350,000, marking a significant addition to PSAI Realty Partners' portfolio in the Campbell area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $54,000,000
• Buyer: Peter Sullivan - PSAI Realty Partners
• Seller: James F. Ellis, Melinda Ellis Evers, Peter Magaddino & Will Miller - Ellis Partners; Howard Marks, Bruce Karsh & Armen Panossian - Oaktree Capital Management
• Broker: Eastdil Secured

Eastdil Secured facilitated the transaction, bringing together the buyer and sellers for this significant ownership transition involving three office towers in the Pruneyard office complex. This sale illustrates the ongoing changes in ownership dynamics within the Campbell office market.