Harvard Square

OPPORTUNITY

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