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3/03/23
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Solidigm, a leading global semiconductor company, has signed a 170k sf lease at White Rock Corporate Campus, a five-building, suburban office property in the Highway 50 Corridor in Rancho Cordova. The location will serve as Solidigm’s new headquarters.
White Rock Corporate Campus comprises five Class A office buildings totaling five stories with a 4/1,000 parking ratio. The property’s campus setting features an approximately 2.5-acre park, on-site café, tenant lounge and fully equipped fitness center.
Located between Gold Center Dr and White Rock Rd, White Rock Corporate Campus is situated just 15 minutes from downtown Sacramento and 30 minutes from the Sacramento International Airport. The asset is proximate to bus and light rail stations as well as several hotel, dining and retail options.
Todd Eschelman, Kirk Lange and Jack Blackmon with Newmark represented the landlord, Basin Street Properties, a Reno-based real estate development and operating company, and the largest suburban office landlord in the Sacramento area. Terms of the lease were not disclosed.
According to Newmark Research, the Sacramento office market posted a positive net absorption of 130.4k sf in the fourth quarter 2022, for the first time in nine quarters. Office vacancy rate ended the year at 13.6%, marking the first time that vacancy has decreased since the second quarter of 2020.
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