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Planned Sports Basement Site Downtown Sold to Group of Urban Core Developers
A building long planned as a future Sports Basement outlet in downtown Sacramento has sold to a partnership including members of a prominent local development firm. Ken Turton of Turton Commercial Real Estate, who brokered the sale with Aaron Marchand of Turton Commercial, said a winding path for the building’s future got longer over the last couple years. But the partnership involving D&S is well positioned to make something happen there, given the firm’s past history of delivering on attractive, successful urban core projects, he said.
Downtown Sacramento Building from 1961 Sold for $2.2 Million
An office building in the trendy midcentury modern architectural style has sold, with plans for renovations, but not changes. The two-story, 10,000-square-foot building at 1220 H St. in downtown Sacramento sold to Clifford Orloff of Sacramento last month for $2.2 million, according to property records. John Mudgett, a senior director at Turton Commercial Real Estate who brokered the sale on behalf of former owner Cal Del Presidio Investments LLC, described the new owner as a Bay Area-based investor who bought 1220 H St. as the second part of an exchange deal
Former Downtown Hotel Property Sold for $7.5 Million
A recent downtown Sacramento real estate transaction could open the way to renovating a historic hotel and developing a new 95-unit residential project. The long-shuttered former Mansion Inn at 1601 H St. sold for $5.15 million to Sacramento’s SKK Developments and The Grupe Co. of Stockton, according to a news release from brokerage Turton Commercial Real Estate.
New Ownership for Historic City Hall
The search for a steward to buy the Historic City Hall building in downtown Davis has ended, as Engstrom Properties’ bid was accepted on Nov. 21. The bid was $3.5 million and will be split between the city and public entities, such as school districts. Before the bid was accepted, the city was contracted with Turton Commercial Real Estate to sell the building. Scott Kingston, the vice president of the company, commented on Engstrom Properties taking ownership of City Hall. “We are very fortunate to have received offers from many qualified buyers, and we couldn’t be more excited than to have Engstrom Properties in escrow to buy the building,” Kingston said. “They have a tremendous amount of local retail development and leasing experience.”
Midtown Printing Building Sold, New Use Planned
Monarch Printing sold its midtown Sacramento building at 819 19th St., which will be repositioned for office or retail use. The printing business itself, meanwhile, was sold to another buyer and will continue at another location, according to the broker who handled the building sale. John Mudgett of Turton Commercial Real Estate said the sale closed earlier this month of both 819 19th and nearby 1925 H St., which served as parking for the building. The structure at 819 19th is about 9,600 square feet, while the lot is about 6,400 square feet, he said.
Consulting Firm Leases its First Space in East Sacramento
Tech consulting firm KAI Partners Inc. will establish its first dedicated location in February, a 9,000-square-foot lease in Cannery Business Park in Sacramento. Scott Kingston of Turton Commercial Real Estate and Mark Hefner of Mohr Partners Inc. represented Wood Rodgers on the lease.
Engstrom Properties’ Bid for Davis’ Historic City Hall Accepted
Engstrom Properties, which owns and operates several commercial properties in Davis, is the probable new owner of the Historic City Hall building at 226 F St. in downtown Davis. Turton Commercial Real Estate was the successor agency’s broker for the sale, marketing the property and helping to evaluate the four offers received.
Indie Capital Scoops Up Land for Housing on Broadway
Infill single-family homebuilder Indie Capital has scooped up another vacant parcel along Broadway in Sacramento. The local builder closed escrow in the last few weeks on 25,600 square feet of property on the northwest corner of Broadway and Ninth Street, said a broker on the deal. John Mudgett, of Turton Commercial Real Estate, said the builder is planning to develop the site with a combination of single-family and possibly multifamily homes.
Wisconsin Company Buys Midtown Sacramento Bike Shop
Midtown stalwart bike shop City Bicycle Works has been bought by Trek Bicycle Corp. Waterloo, Wisconsin-based Trek manufactures and distributes bikes under brands including Trek, Electra Bicycle Co., Gary Fisher, Bontrager, Diamant Bikes and Villiger Bikes. Scott Kingston and Aaron Marchand of Turton Commercial negotiated the new lease between Trek & the Landlord.
Historic City Hall is Up for Sale
Downtown pedestrians may see a bright red sign at Third and F streets announcing that historic City Hall is up for sale. The signs don’t lie. The city of Davis is looking for buyers for the renovated former City Hall at 226 F St.— and current home to Bistro 33 and the City Hall Tavern — because a state law no longer permits the city to own it.