Harvard Square
Harvard Square is a well-maintained and institutionally owned Class A property with freeway visibility in a suburban Sacramento sub-market. The building has become one of the top buildings in its sub-market and provides an excellent low-cost alternative to rising downtown market rates. Additionally, the building allows for better commute patterns and easier parking than higher priced downtown alternatives. Ownership purchased this building with a concept of executing a value-add/leasing stabilization program to the building while raising rents.
EXECUTION
Ownership implemented a capital improvement plan including a rebranding program, new lobby entrance art, and a new tenant lounge, coffee and deli bar. The leasing and stabilization plan remain in process.
ADDRESS
2180 Harvard Street, Sacramento, CA
PROJECT SIZE
158,000 Square Feet
PROPERTY TYPE
Value-Add/Core Office
ACQUIRED
March 2016
STATUS
Hold