Sutter Capital Group was attracted to the opportunity primarily because of the truly unique and high quality nature of the asset, the compelling acquisition basis and the property’s strategic location in immediate proximity to the (then) planned Sacramento Kings $460 million sports and entertainment facility. The Kings arena project was anticipated to be a major economic catalyst for downtown Sacramento which Sutter Capital Group anticipated would likely move forward, further enhancing the property’s location.
Sutter Capital Group executed a lobby and common area renovation program to aesthetically refresh the property and a focused the leasing strategy on government and legal related tenants. The firm successfully released the vacant building to the Judicial Council of California, delivering a compelling return profile to the partnership.