Ben van der Meer Staff Writer Sacramento Business Journal Commercial property investor Ethan Conrad has acquired nearly 170,000 square feet of office properties in the Arden-Arcade district of Sacramento. Last week, Conrad closed escrow on four buildings at 1111 Howe Ave. and 1010 Hurley Way for about $10 million, he said in an email. “These properties are ideal for service type businesses like the ones that are in the buildings,” Conrad said, explaining why he decided to buy them. “Examples of what I’m referring to are vocational colleges, salons and other similar uses like title companies, residential real estate
We’re excited to announce that we recently closed escrow on a very nice office park located at the corner of Howe Avenue and Hurley Way. At a little less than 170,000 s.f., Howe Hurley Office Park consist of four buildings, which will undergo a light remodel under the supervision of our talented construction division. Stay tuned for pictures of the remodeled property! Interested in leasing? Please reach out to us via phone, email, or Facebook and we’ll put you in touch with our leasing agent, Grant Keeney!
Sacramento City Council approves new North Natomas shopping center BY ANITA CHABRIA firstname.lastname@example.org North Natomas is one step closer to getting a new shopping area that its developer is billing as “a little nicer” than others nearby, but which is being protested by a neighboring retail center. The Sacramento City Council on Thursday approved a plan to rezone a 12.5-acre parcel at Truxel Road and Gateway Park Boulevard from office space or an employment center and instead allow a shopping center at the infill site. But Mike Daniszewski, a representative for the nearby Promenade shopping center, said his client opposes
We just purchased Sunset Plaza, a 72,605 SF retail center in Rocklin. This center is anchored by Dollar Tree and is located on the corner of Sunset Blvd and Pacific St in Rocklin. The property will undergo a remodel in the coming months.
Our holiday party, hosted at Blue Prynt Restaurant in beautiful downtown Sacramento, was a fun-filled night of laughter, camaraderie, delicious food, and fantastic prizes. The ECP team all came together once again to celebrate a year of growth, success, and developing new and existing relationships. You can see photos from the event below. Happy New Year from Ethan Conrad Properties! We can’t wait to see what 2017 brings!
Ben van der Meer Staff Writer Sacramento Business Journal With big improvements in leasing, Ethan Conrad has refinanced the loan on a Foothill Farms shopping center to invest elsewhere. Los Angeles-based Continental Partners secured $11.9 million in refinancing for the center at 5400 Date Ave., a 152,719-square-foot property. Sleep Train and Cycle Gear are two of the more prominent tenants in the center, which is visible from nearby Interstate 80. J.M. Grimaldi, Continental Partners’ executive vice president, said when Conrad acquired the property in 2013, it was only 57 percent occupied. “What speaks to us is the way he was
One Capital Center, a six story, 124,000-square-foot office building at 3100 Zinfandel Drive in Rancho Cordova has been purchased by Sacramento-based Ethan Conrad Properties. Ethan Conrad Properties BY CATHY LOCKE email@example.com One Capital Center, one of the most prominent office buildings in Rancho Cordova, has been purchased by Sacramento-based Ethan Conrad Properties. The firm announced completion of the purchase Wednesday. The 124,000-square-foot building is located at 3100 Zinfandel Drive. Palmer Capital represented the sellers and Ethan Conrad represented himself in the transaction, according to a new release from Ethan Conrad Properties. “This is one of the nicest Class A office
Ben van der Meer Staff Writer Sacramento Business Journal One of Rancho Cordova’s most visible office buildings has sold to real estate investor Ethan Conrad. Escrow closed this week on One Capital Center, a 124,000-square-foot, six-story building at 3100 Zinfandel Drive. Conrad said the purchase price was about $16.3 million. Conrad said in an email his firm has strong new and renewal leasing activity at the building, totaling about 30,000 square feet. “There is a lot of activity on downtown office but candidly, I think that downtown office is a little ‘overheated’ and office users, in time, will realize that
Today we closed escrow of the purchase of One Capital Center, a Class A 124,000 SF Office Building located at 3100 Zinfandel Drive in Rancho Cordova, CA. This is one of the nicest Class A office building on the Highway 50 corridor. In addition, it is also located in one of the best areas in the Highway 50 corridor.
We closed escrow on Atwater Town Center, which is an approximately 109,698 SF multi-tenant retail center. An extensive remodeled is planned to breath new life into the shopping center.