A tech campus located at 3250, 3250 & 3270 Jay Street in Santa Clara has been sold for $21.2 million. The property, which encompasses a total area of 149,100 square feet, was previously valued at $80.1 million. The transaction reflects the ongoing challenges in the office market, which have implications for local property tax revenues.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $21,200,000
• Square Footage: 149,100
• Price Per Square Foot: $142
• Address: 3250, 3250 & 3270 Jay Street
• Market: Santa Clara
• Buyer: Bruce Burkard - Four Corners Properties

Four Corners Properties, represented by Bruce Burkard, finalized the acquisition of the property previously utilized as the headquarters for ServiceNow. The sale demonstrates the ongoing trends and shifts within the commercial real estate landscape.