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Colliers represented Jackson Properties in the 2,650 square foot lease transaction at University Office Park
Sacramento, CA - June 28, 2021 – Colliers | Sacramento is excited to announce the execution of a new lease with First American Title Insurance Company at University Office Park located at 1 Park Center Drive in Campus Commons. Thomas Walcott and Jason Rutherford represented the landlord, Jackson Properties. First American Title leased approximately 2,650 square feet on the ground floor of the two-story office building that is also occupied by Banner Bank.
With the residential real estate market’s growth across Sacramento, demand from real estate and title companies has been one bright spot since the start of the disruptive pandemic that has rattled the local office market. First American Title signed a long-term lease after searching for a new high-visibility location in a Class A building. The new first-floor space will provide visibility and ease of access for their customers. 1 Park Center is located at the corner of Howe Avenue and University Avenue in the Campus Commons submarket, and is part of University Office Park, a 190,000 square-foot Class A office project.
According to Gregg Mason, SVP of Leasing with Jackson Properties, “This lease is a great win for both parties and fits into the professional services mix envisioned when we purchased the the office park.”
Colliers and Jackson Properties look forward to welcoming First American Title to University Office Park later this year. There is additional space available at University Office Park. Please contact one of the listing brokers for additional information.
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, @Colliers on Twitter or LinkedIn.
About Jackson Properties
For over forty-five years, Jackson Properties, Inc. has contributed to the growth of the Greater Sacramento business community through the construction and development of over 6 Million square feet of commercial building real estate. Specialists in the development of commercial real estate including office, medical, retail and business parks, Jackson Properties has earned an industry wide reputation for the integrity we demonstrate in our business dealings and the quality embodied in every aspect of our development projects. Jackson Properties has over 600 clients ranging from local businesses to large public sector entities and Fortune 100 companies, imparting a testament to our ability to build high-quality projects and lasting relationships with our clients. Regional growth continues to present opportunities for the Sacramento based firm, whose presence can also be seen in El Dorado Hills, Elk Grove/Laguna, Roseville, Rocklin, Lincoln, Stockton and Reno, NV. The experienced and diverse staff of Jackson Properties is proficient in all facets of the development process including site selection, acquisition, entitlement processing, conceptual project design and construction. Working as a team, Jackson Properties has the experience, integrity and a proven commitment to service that continues to lead the industry. Learn more at https://www.jacksonprop.com/
Media Contact
Bob Shanahan
Research Manager
+1 916 563 3018
[email protected]
With the residential real estate market’s growth across Sacramento, demand from real estate and title companies has been one bright spot since the start of the disruptive pandemic that has rattled the local office market. First American Title signed a long-term lease after searching for a new high-visibility location in a Class A building. The new first-floor space will provide visibility and ease of access for their customers. 1 Park Center is located at the corner of Howe Avenue and University Avenue in the Campus Commons submarket, and is part of University Office Park, a 190,000 square-foot Class A office project.
According to Gregg Mason, SVP of Leasing with Jackson Properties, “This lease is a great win for both parties and fits into the professional services mix envisioned when we purchased the the office park.”
Colliers and Jackson Properties look forward to welcoming First American Title to University Office Park later this year. There is additional space available at University Office Park. Please contact one of the listing brokers for additional information.
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, @Colliers on Twitter or LinkedIn.
About Jackson Properties
For over forty-five years, Jackson Properties, Inc. has contributed to the growth of the Greater Sacramento business community through the construction and development of over 6 Million square feet of commercial building real estate. Specialists in the development of commercial real estate including office, medical, retail and business parks, Jackson Properties has earned an industry wide reputation for the integrity we demonstrate in our business dealings and the quality embodied in every aspect of our development projects. Jackson Properties has over 600 clients ranging from local businesses to large public sector entities and Fortune 100 companies, imparting a testament to our ability to build high-quality projects and lasting relationships with our clients. Regional growth continues to present opportunities for the Sacramento based firm, whose presence can also be seen in El Dorado Hills, Elk Grove/Laguna, Roseville, Rocklin, Lincoln, Stockton and Reno, NV. The experienced and diverse staff of Jackson Properties is proficient in all facets of the development process including site selection, acquisition, entitlement processing, conceptual project design and construction. Working as a team, Jackson Properties has the experience, integrity and a proven commitment to service that continues to lead the industry. Learn more at https://www.jacksonprop.com/
Media Contact
Bob Shanahan
Research Manager
+1 916 563 3018
[email protected]
