The five-story building totals 101,303 square feet and is located at 2450 Venture Oaks Way. The single-story building, at 2460 Venture Oaks Way, totals 3,700 square feet and houses a deli and fitness center. The buildings were completed in 1990 are 100% leased.

Todd Eschelmen and Craig Brinitzer of Cornish and Carey Commercial represented A&B in the purchase. KBS represented itself.

A&B president Norbert M. Buelsing called the sale price for the two-building portfolio "favorable" and "reflective of the economic value of a recent lease extension for a major tenant, as well as the underlying appreciation of real estate values in Sacramento" during the company's ownership.

The California State Compensation Insurance Fund occupies 87% of the multi-story building. Other tenants include Variable Annuity Life Insurance and EHealthline.

"We plan to put the proceeds from this sale to work, on a tax-deferred basis, in replacement properties that have a higher potential for appreciation," Buelsing said.

The sale gives KBS three properties in the Sacramento region. It also owns the 127,085-square-foot University Park office complex in Sacramento's Campus Common area, which it acquired in July, as well as 9815 Goethe Road in Sacramento and 3870 Kilgore Road in Rancho Cordova.