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12/06/11
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Robb Osborne, Cole Sweatt, Rob Mora and Sarah Sanders of Voit Real Estate Services’ Sacramento team have completed 51 office transactions so far this year in the Greater Sacramento area, totaling 296k sf of space. The transactions include 20 office sales totaling 186k sf, while also completing 31 office lease transactions to date, totaling 110k sf of office space.
“While the office market has been a bit slower to rebound than other property types, 2011 has been a year of growth for this sector of the market and we’re now seeing some positive indicators of future stabilization,” said Osborne. “In Q3 Sacramento saw positive net absorption in its office market for the first time since 2009 - a sign that confidence is increasing and office tenants and landlords are ready to make deals.”
Of the sales Voit completed this year, 19 of the 20 transactions were under 20k sf, while one sale totaled 100k sf.
Some of the more notable transactions include:
• Robb Osborne and Cole Sweatt represented the seller in the disposition of an 11.7k sf office property located at 2267 Lava Ridge Ct in Roseville
• Robb Osborne represented the seller in a 5.1k sf office sale located at 990 Reserve Drive in Roseville
• Robb Osborne identified a restaurant space that could be converted into a veterinary office at 6416 and 6418 Tupelo Dr in Citrus Heights and successfully represented the buyer to complete a 5.5k sf office acquisition
• Robb Osborne and Cole Sweatt represented the seller in the disposition of an 11.6k sf, two-story office building located at 2271 Lava Ridge Ct. in Roseville
• Cole Sweatt and Robb Osborne represented the buyer in the acquisition of a 5k sf office property located at 5170 Hillsdale Blvd in El Dorado Hills
• Cole Sweatt and Robb Osborne completed the 66 month lease of a 9.5k sf office property located at 5750 West Oaks Blvd in Rocklin. Sweatt and Osborne represented the lessee in the transaction.
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