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Bentley Forbes Buys 8 Buildings for $134M

SACRAMENTO, CA-The office buildings have a combined 700,000 sf of leasable space and are located in the Sacramento-area suburban markets of Roseville, Folsom and Rancho Cordova. The purchase marks the start of a buying binge by the Los Angeles-based commercial real estate investment firm.

By Brian K. Miller | Updated on October 30, 2003

SACRAMENTO, CA-The Los Angeles-based commercial real estate investment firm Bentley Forbes has paid $134 million for 700,000 sf in eight office buildings in the Sacramento-area suburban markets of Roseville, Folsom and Rancho Cordova.

The seller, The Evergreen Co. of Sacramento, developed the mid-rise product between 1999 and 2002. The buildings range in size from 62,000 sf to 121,000 sf and are each net leased to a single tenant.

Bear, Stearns & Co provided Bentley Forbes institutional financing for the acquisition. Heath Charamuga and the Capital Advisory Services Team of Grubb & Ellis Co. spearheaded the transaction.

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