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December 5, 2023
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Newmark Cornish & Carey Opens Downtown Sacramento Office


Newmark Cornish & Carey recently opened an office in downtown Sacramento, after signing a lease for a 10.5k sf space on the top floor of the award-winning Park Tower, an art-deco-inspired building located at 980 9th Street. Terms of the lease were not disclosed.

Rising 25 stories, the approximately 447k sf tower offers breathtaking, panoramic views of Sacramento, including the downtown arena that is currently under construction, Raley Field and California’s State Capitol building.

The firm’s new space is 30 percent larger than Newmark Cornish & Carey’s Point West space, allowing for the addition of as many as 11 new agents – currently 29 brokers are based in Sacramento. The extra space may also be used to incorporate new service lines into the office.

Located at the corner of J St, Park Tower soars above the emerging J Street Corridor and is surrounded by many of Sacramento’s most popular restaurants, finest hotels and bustling nightlife venues. Just three blocks from the future downtown arena, the State Capitol and the Railyards, Park Tower is central to the largest development projects in Sacramento. Current development activity underway includes a $250 mil investment into the arena site, in addition to the city’s plans to transform the 224-acre Railyards site into a dynamic, mixed-use, transit-oriented development.

Newmark Cornish & Carey will move to Park Tower in October of this year joining tenants such as Deloitte LLP, Regus, California Strategies, LLC and Downtown Sacramento Partnership. Amenities include a state-of-the-art fitness center, premium conference center and ample on-site parking.

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