SACRAMENTO, Calif. (May 19, 2016) – ProEquity Successfully Resolves Sacramento Office Property.
ProEquity Asset Management recently completed the disposition of an office building in Sacramento. The property known as 304 “S” Street Office is a 30,610-square-foot office property that has been acquired by University Enterprises, Inc. (UEI), a nonprofit public benefit corporation and authorized auxiliary of California State University, Sacramento. Sacramento State will be locating its planned School of Public Affairs at the property, which is located blocks from the State Capitol. No state funds were used to acquire the asset on behalf of the University. Jeffrey P. Fanzo was appointed Receiver in March 2016, and ProEquity Asset Management Corporation was hired as the Real Estate Broker and Property Manager.