Phil Belling Of LBA Realty Acquires Santa Clara Office Park From Christopher Peatross For $55.5M

A five-building office park located at 2780-2890 De La Cruz Boulevard in Santa Clara has been sold for $55.5 million. The property encompasses approximately 298,000 square feet, translating to a price per square foot of $186. It has been renovated to cater to large tech tenants and is currently leased to companies such as ATAC Corporation and PDF Solutions. This transaction price is significantly lower than the current Silicon Valley office average of $416 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $55,500,000
• Square Footage: 298,000
• Price per Square Foot: $186
• Buyer: Phil Belling - LBA Realty
• Seller: Christopher Peatross - Swift Real Estate Partners
• Date of Transaction: 11/26/2025
• Market: Santa Clara

Phil Belling represents LBA Realty in this acquisition, while Christopher Peatross represents Swift Real Estate Partners in the sale. The property was previously purchased by Swift Real Estate Partners in 2018 for $97.6 million, indicating a shift in the asset's market dynamics since its last transaction.