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SACRAMENTO, CALIF. — A joint venture between Lowe Enterprises Investors (LEI) and The Family Office (TFO) has acquired Gateway Center, a four-building office portfolio in the South Natomas area of Sacramento, for an undisclosed sum.
Gateway Center is located along Interstate 5 near the Interstate 80 interchange. The JV plans to update the properties, including lobby renovations, landscape and lighting improvements, and upgrades to conference rooms, common areas and outdoor gathering spaces.
Peter Morgan led the LEI acquisition team. Los Angeles law firm Eisner Jaffe represented the joint venture. This is the first acquisition by the LEI/TFO joint venture, which plans to acquire several additional West Coast office properties in 2017.