CAMPBELL — An office building in Campbell has been bought by a local real estate investor in a deal that suggests feeble values continue to haunt the Bay Area commercial property sector.
An affiliate controlled by Menlo Land & Capital paid $24.6 million for the office building, which is at 2105 South Bascom Ave. in Campbell, documents filed on May 8 with the Santa Clara County Recorder’s Office show.
This purchase by a Menlo Land affiliate, whose principal officials include Bay Area real estate executive Roger Fields, comes on the heels of a sale of a south San Jose office and research building for $49.5 million by a different affiliate led by Fields.
The three-story office building involved in the deal totals 123,800 square feet. Colliers, a commercial real estate firm, has been seeking tenants for the building…