CAMPBELL, CA—Ellis Partners, working with a capital partner, has purchased The Pruneyard, a 27-acre mixed use landmark asset located in the heart of Campbell.
The Pruneyard is comprised of over 365,000 square feet of office space, over 250,000 square feet of retail space and the 171-room Doubletree (Hilton) hotel. Terms of the transaction were not disclosed.
Located at the intersection of Campbell and Bascom Avenues, only a quarter mile from thriving downtown Campbell, and proximate to some of Silicon Valley's highest profile residential neighborhoods including Willow Glen, Los Gatos, Saratoga, Cupertino, and Los Altos, The Pruneyard is well-positioned for growth. Ellis Partners will draw on its experience with other properties including Town and Country Village in Palo Alto to make strategic cosmetic upgrades to the facility, creating an improved experience for visitors and a more attractive gathering space for the local community.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
