SANTA CLARA — A tech campus in Santa Clara has landed a new owner in a property purchase that suggests office market values are continuing to wobble at the start of 2025.
Four Corners Properties, a Los Altos-based real estate investment firm headed up by Bruce Burkard, bought the office hub on Jay Street through an all-cash deal for just under $21.2 million, a Santa Clara County Recorder’s Office grant deed shows.
The price was one-fourth of its prior value.
As of January 2024, the tech campus had an estimated value of $80.1 million, according to documents on file with the Santa Clara County Assessor’s Office.
