ROSEVILLE, CA—The Tri Counties Bank CEO tells GlobeSt.com that the recent acquisition of an office building located within Slate Creek Corporate Center will consolidate major operations into one facility, in a location where a great number of banks and financial services companies are located. That 40,000-square-foot office building at 3700 Douglas Blvd. is to serve as Tri Counties' new regional headquarters.
The bank has multiple offices in Roseville, where it had a Small Business Administration loan office, a separate commercial lending office, several branches and supermarket branches. With $4.1 billion in assets, Chico, CA-based Tri Counties Bank is the primary subsidiary of TriCo Bancshares and has offices all over Northern California, including 11 in the Sacramento region.
Tri Counties Bank CEO Rick Smith tells GlobeSt.com: “Consolidating our major operations into one facility will create efficiencies as well as give us an identity in the Sacramento and Roseville area. It's in the heart of the Roseville business district where all of the banks and financial services are.”
The seller in the transaction was Ellis Partners LLC, which purchased Tri Counties' new regional headquarters along with other office assets in Roseville a few years ago from Hines. Situated near the intersection of Douglas Boulevard and Sierra College Boulevard, the highly visibly class-A building was constructed in the late 1990s and features modern architectural design, private offices with natural light and is within walking distance to multiple new shopping and restaurants amenities. The property also offers ample on-site parking and is a short distance to Interstate 80 and Highway 65 freeways.
TRI Commercial/CORFAC's Robb Osborne, Cole Sweatt and Brandon Sessions represented the bank in its new facility acquisition, according to TRI Commercial/CORFAC international managing regional director Ed Benoit, CCIM.
Osborne tells GlobeSt.com: “As our market continues to build momentum while the primary markets nationally are beginning to plateau, the purchase of 3700 Douglas Blvd. represents one of the last quality owner/user properties of size, not only on the Douglas corridor but throughout the Sacramento region as a whole. The acquisition of this property solidifies Tri Counties Bank as a major player in the marketplace.”
Roseville is the largest city in Placer County. Roseville's business types include technology, healthcare, agriculture and financial services. Top business employers within the city include Hewlett-Packard, Telefunken Semiconductors USA, Kaiser Permanente and the Union Pacific Railroad.
ROSEVILLE, CA—The Tri Counties Bank CEO tells GlobeSt.com that the recent acquisition of an office building located within Slate Creek Corporate Center will consolidate major operations into one facility, in a location where a great number of banks and financial services companies are located. That 40,000-square-foot office building at 3700 Douglas Blvd. is to serve as Tri Counties' new regional headquarters.
The bank has multiple offices in Roseville, where it had a Small Business Administration loan office, a separate commercial lending office, several branches and supermarket branches. With $4.1 billion in assets, Chico, CA-based Tri Counties Bank is the primary subsidiary of TriCo Bancshares and has offices all over Northern California, including 11 in the Sacramento region.
Tri Counties Bank CEO Rick Smith tells GlobeSt.com: “Consolidating our major operations into one facility will create efficiencies as well as give us an identity in the Sacramento and Roseville area. It's in the heart of the Roseville business district where all of the banks and financial services are.”
The seller in the transaction was Ellis Partners LLC, which purchased Tri Counties' new regional headquarters along with other office assets in Roseville a few years ago from Hines. Situated near the intersection of Douglas Boulevard and Sierra College Boulevard, the highly visibly class-A building was constructed in the late 1990s and features modern architectural design, private offices with natural light and is within walking distance to multiple new shopping and restaurants amenities. The property also offers ample on-site parking and is a short distance to Interstate 80 and Highway 65 freeways.
TRI Commercial/CORFAC's Robb Osborne, Cole Sweatt and Brandon Sessions represented the bank in its new facility acquisition, according to TRI Commercial/CORFAC international managing regional director Ed Benoit, CCIM.
Osborne tells GlobeSt.com: “As our market continues to build momentum while the primary markets nationally are beginning to plateau, the purchase of 3700 Douglas Blvd. represents one of the last quality owner/user properties of size, not only on the Douglas corridor but throughout the Sacramento region as a whole. The acquisition of this property solidifies Tri Counties Bank as a major player in the marketplace.”
Roseville is the largest city in Placer County. Roseville's business types include technology, healthcare, agriculture and financial services. Top business employers within the city include
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