Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Basin Street Properties Picks Up 290k sf Office Campus in Sacramento

8/30/16

Basin Street Properties has acquired Harvard Corporate Center, a Class A, 290.4k sf office complex in Sacramento. The mid-rise campus, sold by USAA, was 96% occupied at time of sale. The purchase was financed with a $31 mil senior loan provided by PCCP LLC.

Built in the late 1980s as its western regional headquarters, USAA consolidated its operations to Texas in 2010 and has since re-tenanted the property with Nationwide Mutual Insurance, ALTA California, and Summit Funding. The property is located at 2241 and 2251 Harvard St, and is LEED Gold-certified. The property lies on a 23.6-acre site, of which 15 acres is excess developable land.

The attractive campus features one six-story and one four-story building totaling 275k sf, a 1,039-stall parking structure, an 11.5k sf fitness center, and a 15.5k sf low-rise office building. Secured bridgeways connect the two main buildings to the parking structure as well as to each other. Amenities include sand volleyball and outdoor basketball courts, a lighted baseball field, walking trails, and outdoor patio areas.

Harvard Corporate Center is located in the Point West submarket of the Sacramento region and is near the convergence of Hwy 50 and Interstate 80, providing ease of access throughout the Sacramento area, as well as proximity to Downtown Sacramento.

“Harvard Corporate Center is an institutionally maintained, best-in-class asset within the suburban Sacramento office market, providing office tenants an affordable and attractive corporate campus environment,” noted Dorian Farhang, an associate vice president with PCCP. Founded in 1974, Basin Street Properties is a Northern California and Northern Nevada--focused real estate investment, management, and leasing company with offices in Sacramento, Reno and Petaluma.






Return to the Archive page


 
 
 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media