James F. Ellis, Melinda Ellis Evers And Seth Klarman Acquire Great America Commons In Santa Clara For $310M

The property asset involved in the transaction is a 637,100-square-foot office complex located at 4555 & 4655 Great America Parkway in Santa Clara, CA. The market value of this asset is reflected in the sale price of $310,000,000, translating to a price per square foot of $487. The complex is 77% leased and features tenants including the San Francisco 49ers and major tech firms.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $310,000,000
• Square Footage: 637,100
• Price Per Square Foot: $487
• Buyer: James F. Ellis & Melinda Ellis Evers - Ellis Partners; Seth Klarman - Baupost Group
• Seller: Jacques Chappuis - PGIM
• Acquisition Financing: $232.1 million

The transaction highlights the involvement of Ellis Partners and Baupost Group, which acquired the Great America Commons office campus. This deal is noted as the largest office transaction in Silicon Valley in 2026. Jacques Chappuis represented PGIM in the sale of the property.