RANCHO CORDOVA, CA—Strada Investment Group of San Francisco has acquired a two-building office campus in Rancho Cordova, known as Zinfandel I & II.
Strada’s capital partner is Farallon Capital Management, a San Francisco-based investment firm. This is Strada’s first acquisition in the Sacramento region.
The approximately 175,000-square-foot complex is located at the southwest corner of Zinfandel and International drives, immediately south of the VSP Global headquarters campus. The purchase marks the largest office property sale in the greater Sacramento region since 2012.
Zinfandel I & II is currently the largest available block of office space in the region. It is ideally suited and located for large corporate and government users seeking an easily accessible office location with excellent visibility and a quality amenity pool nearby. Scott Stafford, a founding partner of Strada, led the acquisition effort on behalf of the purchasing entity.
“As the market continues to improve, with fewer and fewer big blocks of available space, these buildings will be increasingly attractive to large tenants looking to locate their operations in one, high quality project,” said Stafford. “We look forward to improving these class A assets and reintroducing them to the marketplace.”
The sale of the Zinfandel complex was brokered by Rob Cole of JLL (formerly Jones Lang LaSalle) in Sacramento. Alan Stevenson, Greg Levi and Clyde Rawlings also of JLL assisted in the sale. Strada has engaged the JLL Sacramento team to market the campus for lease.
“It is exciting to have new investors enter Sacramento and recognize that our market is on the rise,” said Cole. “The Strada-Farallon team’s experience and fresh perspective will greatly benefit this important property and the market as a whole.”