FOLSOM, CA-Newton, Massachusetts-based Commonwealth REIT has acquired Parkshore Plaza from JP Morgan/McCarthy Cook for $47 million. The four-building office complex, which totals 270,000 square feet, is situated in Folsom.

Tenants in the property include Intuit Inc., Wells Fargo and Verizon Wireless. Chris Schwarze and Ron Thomas from Cushman & Wakefield's Sacramento office collaborated with Seth Siegel, Grant Lammersen and George Eckard from the firm's San Francisco office in the sale. Cushman & Wakefield represented both the parties in the deal. For the full story, go to Sacramento Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National