|
|
3/24/11
|
Kaiser Permanente signed a seven-year lease for 35.1k sf of space at Parkway Corporate Plaza in the Sacramento suburb of Roseville. Parkway Corporate Plaza, a 28-acre master planned office park located on East Roseville Pkwy, is managed by Daymark Realty Advisors on behalf of individual owners.
Built in 2000, Parkway Corporate Plaza consists of four Class A office buildings totaling nearly 287k sf. The property is conveniently located within close proximity to I-80 and Hwy 65. Other tenants at Parkway Corporate Plaza include Wells Fargo, Radiological Associates and the State of California.
Kaiser Permanente is an integrated managed care group based in Oakland. Founded in 1945, the company operates in nine states and the District of Columbia. With 8.7 million health plan members, Kaiser is the largest managed care organization in the United States. Kaiser Foundation Hospitals, Kaiser Foundation Health Plan Inc., and their subsidiaries reported combined 2010 operating revenue of $44.2 bil and net income of $2 bil.
“Signing Kaiser Permanente to a seven-year lease extension maintains the 86 percent occupancy rate at Parkway Corporate Plaza,” said Dan O’Hare, vice president, asset management. “We are far outperforming the Roseville submarket, which had an average occupancy of just 71 percent as of the fourth quarter 2010.”
Jon R. Walker and Tom Bacci of Grubb & Ellis Company represented both Daymark Realty Advisors and Kaiser Permanente in the lease transaction.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
