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| Olga Walsh |
SAN FRANCISCO, Dec. 16, 2024 – JLL Capital Markets has secured a $16.7 million refinancing for 100 Howe, a premier 130,000-square-foot boutique office complex in Sacramento, California.
JLL worked on behalf of the borrower, a subsidiary of
Fenway Capital Advisors, and secured the five-year, interest-only loan through
the lender, Goldman Sachs.
100 Howe is strategically located between the Campus Commons, Highway 50 and Sierra Oaks office submarkets of Sacramento. The property’s prime location provides tenants with proximity to University Village, Howe Avenue and East and Midtown Sacramento, as well as convenient access to major freeways, public transportation and the American River Bike Trail.
Originally constructed in 1981 and
comprehensively renovated in 2019, 100 Howe now stands as one of the most
sought-after Class A office spaces in the area. 100 Howe offers an array of
amenities designed to enhance the workplace experience.
Bharat Madan
These include shared outdoor spaces,
on-site lounge space and conference center and ample parking. The property
showcases modern, professional-finished and highly functional suite layouts.
The two-building complex boasts a 95% occupancy rate, with a diverse tenant
mix, including the State of California and Mutual of Omaha.
The refinancing provides the borrower
with additional runway, allowing for a strategic exit from the investment when
market conditions are more favorable.
100 Howe, a premier 130,000-square-foot boutique
office complex in Sacramento, CA
The JLL Capital Markets Debt Advisory
team representing the borrower was led by Director Olga Walsh and Vice
President Bharat Madan.
For more news, videos and research resources, please
visit JLL’s newsroom.
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