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12/17/24
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A Fenway Capital Advisors subsidiary has locked up a $16.7 mil refi on 100 Howe, a 130k sf, boutique office complex in Sacramento.
The five-year, interest-only loan was arranged by JLL Capital Markets and funded by Goldman Sachs. The refinancing provides the borrower with additional runway, allowing for a strategic exit from the investment when market conditions are more favorable.
100 Howe is strategically located between the Campus Commons, Highway 50 and Sierra Oaks office submarkets of Sacramento. The property’s prime location provides tenants with proximity to University Village, Howe Avenue and East and Midtown Sacramento, as well as convenient access to major freeways, public transportation and the American River Bike Trail.
Originally constructed in 1981 and comprehensively renovated in 2019, 100 Howe now stands as one of the most sought-after Class A office spaces in the area. 100 Howe offers an array of amenities designed to enhance the workplace experience. These include shared outdoor spaces, on-site lounge space and conference center and ample parking.
The property showcases modern, professional-finished and highly functional suite layouts. The two-building complex boasts a 95% occupancy rate, with a diverse tenant mix, including the State of California and Mutual of Omaha.
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