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Blue Shield Completes $49M Sale-Leaseback of EDH Office
JLL Capital Markets has closed the $49 million partial sale-leaseback of a four-building, Class-A office complex totaling 245,000 square feet in El Dorado Hills, CA. The seller, Blue Shield of California, plans to continue occupying two of the buildings. The buyer was a JV between ProEquity Asset Management Corporation and Solaris Capital.
The JLL team representing the seller was led by Managing Director Adam Lasoff, along with Erik Hanson and Johnny Van Der Velden. The firm’s Tom Maloney and Michael Stassi assisted with the lease negotiation. “The closing of this transaction demonstrates the market’s increasing appetite for high-quality and well-located office product,” said Lasoff.
Located at 4201 Town Center Blvd., the building boasts modern amenities including a fitness center, on-site cafe and solar panel-covered parking lot. The property, situated along Highway 50, also allows convenient access to Downtown Sacramento.
- ◦Sale/Acquisition
