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Major Silicon Valley office sale adds to US private buying spree

Ellis Partners, Baupost partner on one of region’s priciest deals
Ellis Partners and Baupost Group acquired a three-building office campus called the Campus at Scott in Santa Clara, California. (CoStar)
Ellis Partners and Baupost Group acquired a three-building office campus called the Campus at Scott in Santa Clara, California. (CoStar)
CoStar News
August 23, 2025 | 12:25 AM

San Francisco real estate firm Ellis Partners has teamed up with Boston-based hedge fund Baupost Group to buy a three-building office complex in the heart of Silicon Valley, as local investors and tech companies continue prop up the Bay Area’s office market in the absence of institutional investors.

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