SACRAMENTO, CA-Cushman & Wakefield says its Sacramento office represented landlord CW Capital Asset Management LLC in closing a new 123,413 square foot lease to the State of California Health Benefit Exchange at 1601 Exposition Boulevard. The lease is one of the Sacramento region's largest since 2012.
“This was a collective effort between the Cushman & Wakefield Brokerage, Asset Management and Project Management teams, as well as the CW Capital Asset Management Team,” said Ron Thomas, Cushman & Wakefield executive director and Sacramento Market Leader. “The ownership team was incredibly well-equipped to manage a transaction of this size and complexity and utilize proactive methods to maximize the building value and mitigate risks to enhance investor returns.”
The Health Benefit Exchange, or Covered California, is the agency charged with oversight of California's health insurance marketplace as part of the Patient Protection and Affordable Care Act. Covered California's offices are currently located at 560 J St. in downtown Sacramento.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
