Prime US REIT Acquires Park Tower in Downtown Sacramento, California Property
12 February 2020 — Prime US REIT, through KBS Realty Advisors, LLC, has entered into a purchase agreement with GV/HI Park Tower Owner, LLC to acquire the property known as Park Tower.
The property is located at 980 9th Street and 1010 8th Street, Sacramento, California.
Park Tower is a 24-storey Class A office tower and a five-storey mixed use retail/parking garage. The property is located in the downtown area of Sacramento, surrounded by abundant lifestyle amenities, including Downtown Commons, Golden One Arena, Convention Centre, hotels, retail and restaurants as well as multifamily housing. The Property is leased to a diverse mix of high quality and creditworthy tenants.
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