California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Bay Area  + Office  | 
Former Sacramento-Area Blue Shield Campus Gains Two Tenants

Former Sacramento-Area Blue Shield Campus Gains Two Tenants

ProEquity Asset Management and Solaris Capital have signed two new tenants at The Ridge at Town Center West, the former Blue Shield Campus in El Dorado Hills, CA. In July, Blue Shield arranged a sale-leaseback of the property, and Marshall Medical Center and PATRA have agreed to take 75% of the vacated space.

“We strongly believed in the quality and location of this campus and our ability to add value when we acquired The Ridge at Town Center from Blue Shield,” said ProEquity CEO Michael Turner. “The phenomenal response we’ve received from tenants validates that belief.”

Marshall Medical Center is under contract to purchase the building located at 4201 Town Center Boulevard, and will begin operating in summer 2024. Insurance services company PATRA, which will occupy one full floor, will move-in summer 2023. “The property’s visibility along Highway 50, a location near many of our employees and the quality of the facility made our decision an easy one,” said PATRA CEO John Simpson.

Connect

Inside The Story

ProEquity Asset ManagementSolaris CapitalMarshall Medical CenterPATRAMichael Turner

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Lease
KidderMathews-05-cube