Central Valley Business Times
New Office Project Underway in Central Valley
July 10, 2007
The Allen Group, a developer of commercial properties across the United States, says it has started building River Plaza Corporate Center, a 175,000 square foot “for sale” office park development in Sacramento.
If built out as now planned, it will have 12 separate two-story office buildings, ranging in size from 11,000 square feet to 17,000 square feet. Each building will be available for sale individually or can be divided into first and second floor units, allowing buyers to purchase unit sizes as small as 4,500 square feet. Each building will have its own private “residential style” garage, surface level parking, private elevator access, and 24-foot vaulted ceilings on the second floor.
Located at 2500 River Plaza Dr., the project is situated on 11 acres along the Sacramento River, directly adjacent to the California Farm Bureau headquarters in South Natomas. Phase one will consist of six buildings to be constructed and available by the first quarter of next year.
River Plaza is a joint development between The Allen Group and the California Farm Bureau Federation. The project architect is Smith Consulting Inc. and the general contractor is Brown Construction. The project’s construction lender is Bank of America and the marketing brokers are CB Richard Ellis Inc.