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June 20, 2024
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Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills


Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurerís sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capital in July. The Ridge at Town Center West is located at 4201 Town Center Blvd in El Dorado Hills, about 30 miles northeast of Sacramento.

Marshall Medical Center, a nonprofit regional community healthcare provider, is under contract to purchase the 246k sf building, which will be used to house family practice, orthopedics, cardiology, laboratory and physical therapy services, among others. Earlier this year, Marshall was named one of 148 top hospitals in the country for patient safety and quality care by the digital platform Money. Marshall was represented by Tom Conwell of Newmark.

El Dorado Hills-based PATRA will occupy one full floor of the otherwise currently vacant building. The leases bring total occupancy at the four building, 246k sf campus to 90%. Blue Shield continues to occupy two of the buildings.

PATRA was represented by Tom Walcott and Jason Rutherford of Colliers International. ProEquity Asset Management was represented by Michael Stassi and Daniel Baker of JLL in lease negotiations with PATRA.

Built in 2001, The Ridge at Town Center West is a Class A office campus strategically positioned between the 1 msf El Dorado Hills Town Centeróthe regionís most affluent lifestyle retail centerófeaturing national retailers, luxury dining, an IMAX theater, and the 3,600-acre Folsom Ranch master planned development. Folsom Ranch consists of 2.2 msf of planned retail and medical commercial space, more than 11,000 homes, two large community parks, several schools, and 1,000 acres of public open space.

In addition to being surrounded by exceptional amenities and quality housing, The Ridge at Town Center West has an above-average parking ratio of 5.8 spaces per 1000 with surface and covered parking. The areas of covered parking feature 31 Tesla solar power generation rooftop arrays which provide low-cost power to the campus. The buildings feature open-plan floorplates with abundant natural light and extensive outdoor seating and mature landscaping.

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