Ellis Partners and Baupost Group Acquire Great America Commons for $310M

Deal Summary

Ellis Partners and hedge fund The Baupost Group purchased the 635,000‑sq‑ft Great America Commons office and R&D complex in Santa Clara for $310 million, the largest office transaction in Silicon Valley this year. The seller was PGIM, the asset‑management arm of Prudential Financial, and the buyers secured $232.1 million in acquisition financing from Apollo Global Funding and Athene Annuity & Life.