Park Tower islocated at 980 9th St. and 1010 8th St., a short walk from theCalifornia state capitol.
SACRAMENTO—Park Tower, a 489,171-square-foot class-A downtownoffice building, was recently acquired for a commanding $165.5million by Prime US REIT. As one of the tallest buildings inSacramento, the office asset consists of 24 stories of officespace, retail and parking garage space.
KBS serves as the US-based asset manager for the portfolio whichincluded identifying and sourcing this asset on behalf of theportfolio.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
