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South Bay office towers are bought for far less than their prior value

Summary by The Mercury News
CAMPBELL — The iconic Pruneyard office towers in Campbell have been bought at a huge discount to their prior value, fresh evidence of a weak Bay Area commercial real estate market. PSAI Realty Partners, acting through an affiliate, paid $54 million for the three-tower complex, according to documents filed on Feb. 28 with the Santa Clara County Recorder’s Office. Pruneyard Towers offices in Campbell, elevated view. (Google Maps) The buying group …

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The Mercury newsThe Mercury news

South Bay office towers are bought for far less than their prior value

CAMPBELL — The iconic Pruneyard office towers in Campbell have been bought at a huge discount to their prior value, fresh evidence of a weak Bay Area commercial real estate market. PSAI Realty Partners, acting through an affiliate, paid $54 million for the three-tower complex, according to documents filed on Feb. 28 with the Santa Clara County Recorder’s Office. Pruneyard Towers offices in Campbell, elevated view. (Google Maps) The buying group …

·San Jose, United States
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The RegistryThe Registry

Ellis Partners, Oaktree Sell 365,000 SQFT Pruneyard Office Towers in Campbell for $54MM - The Registry

By The Registry Staff A significant office property in Campbell has traded for much less than it was previously purchased for. A sales transaction involving the office portion of The Pruneyard has now closed. The seller is a partnership between Ellis Partners and Oaktree, which have jointly owned the property since 2019, and the buyer […] The post Ellis Partners, Oaktree Sell 365,000 SQFT Pruneyard Office Towers in Campbell for $54MM appeared fi…

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The Mercury news broke the news in San Jose, United States on Monday, March 3, 2025.
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Campbell, California

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