Touchstone Investments, in partnership with AG West Investors, purchased six office buildings totaling 574,000 square feet in the South Natomas submarket of Sacramento, Calif.
The total value of the transaction was $80.8 million.
The buildings, which include two class A six-story towers and four low-rise buildings, are located at 2495, 2485 and 2525 Natomas Park Drive and 1740, 1750 and 1760 Creekside Oaks Drive.
The seller was Prentiss Properties.
The buildings were 87 percent leased at the time of sale.
Louay Alsadek of Grubb & Ellis/BRE Commercial represented the joint buyers.
Tustin, Calif.-based Touchstone Investments is a privately held real estate investment company that operates in major California markets.
Grubb & Ellis is a global provider of integrated real estate services.
What’s your opinion? Send your Letter to the Editor to email@example.com.