James F. Ellis And Seth Klarman Acquire Santa Clara Office Complex From David Gilbert For $20.7M

The Campus at Scott is an office complex comprising three properties located at 3315, 3325 & 3355 Scott Boulevard, Santa Clara. The property features a total square footage of 460,000 and was sold for $20,700,000, reflecting a price per square foot of $45. The complex is 84% leased, with Applied Materials serving as the main tenant.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $20,700,000
• Square Footage: 460,000
• Address: 3315, 3325 & 3355 Scott Boulevard
• Market: Santa Clara
• Buyer: James F. Ellis - Ellis Partners; Seth Klarman - Baupost Group
• Seller: David Gilbert - Clarion Partners
• Price Per Square Foot: $45
• Discount from 2015 Purchase Price: 32%
• Difference from 2025 Assessed Value: 49%

This transaction involved key players in the real estate investment sector, with James F. Ellis representing Ellis Partners and Seth Klarman from Baupost Group acquiring the property. The seller, David Gilbert, represented Clarion Partners in the deal.