Continued Confidence in Downtown: Ethan Conrad Properties’ Strategic Investment in Sacramento’s Urban Core
At Ethan Conrad Properties, we take pride in identifying opportunity where others may hesitate—and few moves exemplify that better than our acquisition of three Class A office buildings in the heart of Downtown Sacramento: 630 K St., 770 L St., and 801 K St. (Renaissance Tower).

More than a year after these high-profile purchases—valued at a combined $53.8 million—our confidence in the long-term value and potential of these properties remains stronger than ever. As featured in a recent Sacramento Business Journal article, the story highlights not only the original investment, but also the steady progress and leasing success since acquisition.

Leasing Momentum Across All Three Properties
630 K St.: Originally envisioned as a retail conversion, the five-story building has seen strong activity. Construction firm S&B James now occupies the entire second floor, and leasing interest continues to grow for both office and retail uses on the upper floors. Conversations around a proposed glass elevator are also underway to enhance access and curb appeal.

770 L St.: Leasing has surged from 75% to 90% occupancy, with a 30-year lease currently in progress for 5,500 square feet. This momentum is driven by strong tenant demand and the building’s premier location within the downtown corridor.

801 K St. (Renaissance Tower): With large state agencies among the tenants, occupancy is set to jump from 28% to 90% in the next six months, driven by excellent leasing activity and strong interest from government users.

Positioned for Long-Term Growth
In just four months, Ethan Conrad Properties completed the acquisition of all three buildings, marking one of the most significant commercial real estate plays in the Sacramento region. The firm remains bullish on the market—and for good reason. The blend of retail flexibility, office functionality, and state tenant demand makes Downtown Sacramento a dynamic growth zone.

“These were smart, strategic acquisitions that continue to gain value,” said Ethan Conrad, CEO of Ethan Conrad Properties. “We’re seeing the results of that vision play out—and we’re just getting started.”

Read the Full Article
To learn more, read the full article from the Sacramento Business Journal here:
🔗 Read the Article