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9/18/13
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Ellis Partners has seen considerable leasing activity at a 10-building portfolio the firm owns along Douglas Blvd in Roseville. Over the first eight months of ownership, the company has closed 32 leases for a total of 123k sf, 77k sf of which was for new tenant signings.
The transactions include:
• MillerCoors’ regional sales office signed a relocation/expansion lease for over 13k sf at The Summit.
• First American Title leased nearly 20k sf at 3300 Douglas Blvd.
• KB Homes is relocating from Natomas into 11k sf at the Olympus Corporate Centre.
• TMC Financing, an SBA lender, signed for 2.4k sf at 3300 Douglas Blvd.
Ellis Partners’ portfolio includes buildings in The Summit at Douglas Ridge, Olympus Corporate Centre, Johnson Ranch Corporate Centre and Roseville Corporate Centre. Chris Lemmon, Todd Eschelman and Zac Collie of Cornish and Carey are the exclusive listing agents. Hines Interests continues to manage the properties on behalf of Ellis. All of the properties are within a two-minute drive of one another.
Roseville has the healthiest leasing rates in the region. Cornish and Carey reported in their second quarter market report that, although the overall region has had positive absorption for the two quarters in a row for the first time since 2007, only six of the 22 markets have been positive. This is led by Roseville’s 305k sf of positive net absorption year-to-date.
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