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Bay Area real estate firm, Ellis Partners, and Boston-based hedge fund Baupost Group have acquired The Campus at Scott, a 460,000-square-foot office and tech complex in Santa Clara. The property can accommodate up to 2,300 workers and has addresses of 3315, 3325, and 3355 Scott Blvd.

    "We're excited to add this high-quality asset to our portfolio," said Kevin Bocci, Ellis Partners' senior vice president. "We look forward to partnering with Silicon Valley companies on their real estate needs."

    The acquisition comes as the South Bay office market experiences renewed leasing activity, driven by tech companies' confidence in the region. Apple has recently agreed to pay $881.9 million for properties in Cupertino and Sunnyvale, while Nvidia is expanding its presence in Santa Clara through a $751.5 million shopping spree.

    Ellis Partners plans to upgrade The Campus at Scott with amenities focused on fitness, food, and outdoor areas. The property is also within walking distance of Santa Clara Square, a retail and restaurant hub. "We're confident that providing quality workplaces in Class A settings will continue to be a winning strategy," said Jason Morehouse, Ellis Partners' chief investment officer.