X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SACRAMENTO, CA-The Los Angeles-based commercial real estate investment firm Bentley Forbes has paid $134 million for 700,000 sf in eight office buildings in the Sacramento-area suburban markets of Roseville, Folsom and Rancho Cordova.

The seller, The Evergreen Co. of Sacramento, developed the mid-rise product between 1999 and 2002. The buildings range in size from 62,000 sf to 121,000 sf and are each net leased to a single tenant.

Bear, Stearns & Co provided Bentley Forbes institutional financing for the acquisition. Heath Charamuga and the Capital Advisory Services Team of Grubb & Ellis Co. spearheaded the transaction.

The purchase marks the start of a buying binge for Bentley Forbes. Company president C. Frederick Wehba says the company is targeting $500 million in investments before mid-year 2004, and will be aggressively pursuing single-tenant and multi-tenant class A office, industrial, warehouse and retail properties “where strategically appropriate to the growth of our portfolio.”

The building and tenant breakdown for the Sacramento-area acquisition is as follows:

– 1101 Creekside Ridge Dr., Roseville, CA — 88,400 sf; leased by Agilent Technologies and Adventist Healthcare.

– 101 Creekside Ridge Dr., Roseville, CA — 62,300 sf; leased by Agilent Technologies.

– 1025 Creekside Ridge Dr., Roseville, CA — 73,800 sf; 60,000 of which is leased by Allstate Insurance.

— 10734 International Dr., Rancho Cordova, CA — 72,300 sf; leased by Verizon Wireless.

– 10730 International Dr., Rancho Cordova, CA — 99,500 sf; leased by Verizon Wireless.

– 3241 Kilgore Rd., Rancho Cordova, CA — 102,830 sf; leased by Delta Dental.

— 11120 International Dr., Rancho Cordova, CA — 99,500 sf; leased by the State of California.

– 2155 Iron Point Rd., Folsom, CA — 121,380 sf; leased by Kaiser Foundation Health Plan.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.