Newmark Arranges $167 Million Acquisition Financing for Prominent Silicon Valley Offices

September 8, 2025 12:00 PM

Newmark announces the Company has arranged $167.1 million in acquisition financing for The Campus @ Scott, a three-building, 460,000-square-foot Class A office complex located at 3315, 3325 and 3355 Scott Boulevard in Santa Clara, California. The transaction ranks among the largest[1] office trades in Silicon Valley year-to-date[2] and underscores the strong investor confidence in the region’s office market.

Newmark Executive Vice Chairman Ramsey Daya, Executive Managing Director Chris Moritz and Associate Director Connor Stapleton represented the borrower, a joint venture of San Francisco-based Ellis Partners and Boston-based investment manager, The Baupost Group.

“This transaction is the first clear institutional marker of Silicon Valley’s rebound,” said Daya. “The strong lender interest underscores renewed conviction in financing the highest-quality office assets, while tenants are once again seeking best-in-class campuses to fuel their growth.”

Built in 2013 and anchored by Applied Materials, The Campus @ Scott is strategically located in the heart of Silicon Valley and exemplifies the amenity-rich office campus that tenants are seeking. Buoyed by the expansion of AI sectors such as infrastructure, hardware and software, companies in the Silicon Valley are pursuant of this kind of high-quality space to fuel their enterprise growth.

[1] Largest by square footage
[2] According to Real Capital Analytics

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.