REBusinessOnline

Shorenstein Properties Purchases U.S. Bank Tower in Sacramento

The U.S. Bank Tower is situated immediately south of the Golden One Center, which opened in late 2016.

SACRAMENTO, CALIF. — A fund sponsored by Shorenstein Properties has purchased U.S. Bank Tower, a 366,000-square-foot office building in Sacramento, for an undisclosed sum. The 25-story tower is located at 621 Capitol Mall.

U.S. Bank Tower is situated immediately south of the Golden One Center, which opened in late 2016, and three blocks west of the state capitol. The property also features more than 23,000 square feet of fully occupied retail and restaurant space, including Morton’s the Steakhouse, and a large parking structure that services both the property and the Golden One Center.

JLL represented the sellers, David S. Taylor Interests and Britannia Pacific Properties, in this transaction.

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