SANTA CLARA — A big South Bay tech campus has been bought for more than $50 million in a deal that points to a still-wobbly Bay Area office market whose values have yet to regain their pre-coronavirus heights.

LBA Realty has paid $55.5 million for a tech campus at the corner of Central Expressway and De La Cruz Boulevard, according to documents filed on Nov. 26 with the Santa Clara County Recorder’s Office.

Despite some signs that the Silicon Valley commercial real estate market has begun an uneven convalescence in the post-COVID era, property values for office buildings in the Bay Area and South Bay remain under pressure.

The just-completed deal for the @Central campus underscores the fading values for office buildings in the region.

The seller, an affiliate of Swift Real Estate Partn

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