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December 2, 2023
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California’s Board of Equalization Renews 67k sf Sacramento Space


California’s Board of Equalization has renewed its 66.6k sf space at Gateway Corporate Center in Sacramento. The 235.2k sf office property is owned by Newport Beach-based KBS Real Estate Investment Trust II. Terms of the deal were not disclosed.

Gateway Corporate Center consists of two, three-story, Class A office buildings completed in 2008 and 2009. The two buildings are both steel-frame structures with exteriors of glass and masonry. The lobby floors are made of travertine field stone, and the walls are finished with cherry wood wainscot.

Promenade at Sacramento Gateway, the mixed-use development in which the property is located, includes a hotel and a 655k sf retail center known as Promenade at Sacramento Gateway. In addition, the 500k sf Natomas Marketplace lies across Truxel Road from the property.

The property is approximately a 10-minute drive from both downtown Sacramento and the Sacramento International Airport. The property provides 935 surface parking stalls and has excellent access via the Truxel Road exit from Interstate 80, which is about one mile east of the junction of Interstate 80 and Interstate 5.

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