JLL Capital Markets, led by director Olga Walsh and VP Bharat Madan, has successfully secured a $16.7-million refinancing for 100 Howe in Sacramento. The boutique office complex spans 130,000 square feet and is owned by Fenway Capital Advisors’ subsidiary.
Located in the heart of Sacramento between the Campus Commons, Highway 50 and Sierra Oaks office submarkets, 100 Howe offers tenants convenient access to University Village, Howe Avenue and East/Midtown areas as well as major freeways, public transportation and the American River Bike Trail.
Originally built in 1981 with a comprehensive renovation completed in 2019,the property boasts an impressive occupancy rate of over95%. Its tenant roster includes notable names such as State of Californiaand Mutual of Omaha. According to JLL,the five-year interest-only loan secured through Goldman Sachs will provide additional runway for Fenway Capital Advisors to make strategic decisions regarding their investment at a more opportune time when market conditions are favorable.
