Sacramento office complex sells for $27 million

Asset located in happenin' submarket

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Grubb & Ellis/BRE Commercial announced the sale of the Creekside Oaks Office Complex in Sacramento, Calif., which sold for $27 million. The three-building, 178,000-square-foot complex, located at 1740-1760 Creekside Oaks Drive, was approximately 69 percent leased at closing to 15 tenants, including Informatix, Medstat Group, MCI Telecommunications and Honeywell International. Located in northwest Sacramento, the project is in the South Natomas submarket near amenities that include several hotels, restaurants, an extensive park system and the Natomas Racquet Club. Touchstone Investments, a privately held real estate investment firm, sold the property to Embarcadero Capital Partners. Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage firm operating in Southern California. *** What's your opinion? Send your Letter to the Editor to