Cisco Systems is entering the hot Silicon Valley real estate market on the seller's side.
The tech mainstay has sold eight buildings in North San Jose to a developer, according to the Oakland Tribune, in a deal worth $150 million.
TMG Partners and Fortress Investment Group bought the buildings -- an "eight-building campus" of 811,000 square feet with room for up to 4,000 employees -- which Cisco will begin vacating in January, the newspaper reported.
Cisco last month announced it would shed 4,000 jobs, or 5 percent of its workforce.
No future tenant was announced, but TMG will upgrade the properties, the newspaper reported.