SACRAMENTO, CA—On behalf of its KBS REIT II, KBS has inked three leases totaling 35,126 square-feet at Gateway Corporate Center I & II, in the Natomas submarket.
Regus signed a new lease for 15,447 square-feet while POS Portal signed a 14,398-square-foot renewal lease. Ron Thomas and Sean Mullen of Cushman & Wakefield represented KBS REIT II in both transactions. Amy DeAngleis of CBRE represented Regus, while Dave Smith of Cresa Partners represented POS Portal.
“We believe leasing success at Gateway Corporate Plaza speaks to a flight to quality here because we feel it is one of the nicest projects in Natomas,” said KBS Realty Advisors SVP/market leader Brent Carroll.
In another lease, the Law Offices of Tracy Potts signed a lease renewal of 5,281 square-feet. Thomas and Mullen brokered the deal for KBS REIT II; Cresa Partners’ Smith represented Tracy Potts.
Gateway Corporate Center consists of two, three-story buildings with steel-framed structures. The 160 Promenade Circle building is LEED Silver-certified, while 180 Promenade Circle is Energy Star-rated. The asset benefits from its location, which is approximately a 10-minute drive from both downtown Sacramento and the Sacramento International Airport. The buildings total 235,193 square-feet.
Also in the area, KBS-affiliated companies own University Park, a 127,085-square-foot office complex in the Campus Commons submarket of Sacramento and City Gate Plaza, a 105,003-square-foot office building two miles north of downtown Sacramento. KBS REIT II does not own an interest in these University Park or City Gate Plaza.