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8/10/26
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Blue Rise Ventures and their equity partner, DRA Advisors, recently acquired North Market Industrial Park, a 28-building industrial portfolio in the Sacramento area. Totaling 1.9 msf, it is the largest industrial portfolio sale in Sacramento since 2017.
Situated in Sacramento’s premier industrial Natomas submarket, the asset benefits from direct access to I-80 and I-5 for distribution. The currently available suites range from 2k sf to 23k sf. Additionally, the portfolio’s location at North Market Blvd and National Dr, just north of Downtown Sacramento, offers easy access to local restaurants and amenities.
Colliers Executive Vice Presidents Brad Idleman, Kevin Moul, Bob Gilley and Andy Zighelboim of Colliers facilitated the sale of the portfolio. A Colliers team led by Vice Chair Mark Demetre, Vice President Michael Hoo, and Senior Associate Nathan Miller have been awarded the leasing assignment for 25 of the buildings in the portfolio by the new owners.
“This is a pivotal moment for the Sacramento industrial market. Vacancy rates continue to decline while very little new speculative supply is coming online, creating conditions for upward pressure on rents,” said Hoo. “According to Colliers' Q2 2026 data, only 201k sf of speculative space is currently under construction. Meanwhile, most of the 1.35 msf underway consists of build-to-suit projects for major corporate occupiers, leaving limited options for tenants seeking available inventory.”
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