To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionGraceada Partners buys Sacramento office property
Graceada Partners has purchased a three-story office building in Sacramento as part of a joint venture between Graceada Partners Fund I and Fund II.
Fund II was launched in November 2019, targeting $25 million to invest in California’s Central Valley. Fund II will focus on acquiring large office buildings and retail centers between Sacramento and Fresno, Calif. The previous fund in the series, Fund I, held a final close with $12.5 million in June 2019.
The Modesto, Calif.–based real estate investment company said it paid $85 per square foot for its new office asset, while other properties in the area are going for more
