The Senator is a 180,123-square-foot landmark building located directly across from the capitol.
SACRAMENTO—Built in 1924 as an Italian Renaissance-style hotel, The Senator was a mainstay of California political and social activity for more than 50 years before it was converted to an office building in 1982. Seagate Properties Inc. recently completed the purchase of the 180,123-square-foot landmark building located directly across from the state capitol at 1121 L St. for $46.9 million. The property was 88% leased at the time of sale.
“We're excited to continue to improve on this beautiful historic property,” said Brian Johnson, principal at Seagate. “Swift has done a great job reviving and improving the building, and we look forward to continuing to bring it back to its original splendor, while also adding new elements that today's office tenants are seeking.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
