The87,140-square-foot mixed-use office and retail building at 630 KSt. will undergo cap improvements.
SACRAMENTO—New York Life Real Estate Investors on behalf of aninstitutional client recently acquired the five-story87,140-square-foot mixed-use office and retail building at 630 KSt. from Swift Real Estate Partners. As part of its repositioningplan, the owner will be making significant capital improvements tothe asset situated adjacent to Golden 1 Center that will bring itto class-A market-ready condition.
"We continue to be compelled by the growth trajectory recentlyexperienced by downtown Sacramento and believe in its prospectsgoing forward. The dynamism being created within the DowntownCommons region is impressive and we look forward to contributing toits continuation through our ownership of 630 K St.," said RossBerry, senior director at New York Life Real Estate Investors.
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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.
