Douglas Corporate Center in Roseville Acquired
Acquisition Marks Venture's Third Foray into Roseville Area
ROSEVILLE, CA - The developer Barker Pacific Group (BPG) and investment firm WHI Real Estate Partners L.P. (WHIREP) have acquired Douglas Corporate Center in Roseville, CA-the venture's third Class-A office acquisition in the area. Totaling 213,982 square feet, the two-building complex further solidifies BPG and WHIREP's presence in the burgeoning Roseville market. This purchase brings BPG and WHIREP's office space ownership in Roseville to just under 600,000 square feet, making them one of largest office building owners in the area.
Located at 2901 Douglas Boulevard in Roseville's Douglas Corridor, the complex is in a convenient and desirable location for tenants and visitors. The venture's other Roseville projects include nearby Olympus Corporate Centre and Lava Ridge Business Park.
"Douglas Corporate Center is another promising Roseville asset and we're excited to begin modernizing and managing the project," says Michael Barker, Managing Director and CEO of BPG. "The complex has an impressive list of current tenants, including New York Life Insurance, Ernst & Young LLP and Kratos Defense. We see a great opportunity to add value to this property, and we look forward to further investing in the Roseville market."
No brokers were involved in the acquisition of Douglas Corporate Center-the joint venture purchased the property through auction, and secured debt financing from BBVA Compass Bank. Chris Lemmon and Zac Collie of Newmark Cornish & Carey will handle leasing for the property, continuing their relationship with Barker Pacific's Roseville office portfolio.
"With the acquisition of Douglas Corporate, BPG and WHIREP are proud to be one of the largest owners and operators of office space in Roseville," says Barker. "The city has been and continues to be an attractive office market, and we're excited to play a larger role in the future of this emerging area."
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesBottleRock Napa Valley 2018 Lineup and Single Day Passes NAPA, CA- Single day general admission and VIP passes for the sixth annual BottleRock Napa Valley music, wine, food and craft brew festival, presented by JaM Cellars on May 25 - 27, 2018
Toyota C-HR, a stylish new subcompact SUV unveiledRoseville, CA- The all-new 2018 Toyota C-HR, a subcompact crossover sport utility vehicle that is similar to a hatchback.
Roseville Gas Prices Up: Where You Can Save MoneyRoseville, CA,- Residents in Roseville and throughout Placer County have watched as gas prices have pushed upward to being the new year.
WJU Warriors Clinch First Conference Win over HopeROCKLIN, Calif. - The Lady Warriors took Horton Court for the second time this week, last taking on No. 1 in the nation,
Roseville Teacher Under Investigation for Sexual Harassment Following ArticleRoseville, CA- An email went out this morning in Roseville addressing concerns over a Roseville teacher who is under investigation relating to allegations of sexual harassment and unprofessional behavior
Placer County Appoints New CEOAuburn, CA,- Following a nationwide search, Placer County has selected Todd Leopold as its new county executive officer.
Rocklin completes purchase of former Sunset Whitney Golf ClubRocklin, CA,- The City of Rocklin has completed the purchase of approximately 184 acres of land that was previously the site of the Rocklin Golf Club
Former Roseville Mayor Rocky Rockholm DiesRoseville, CA,- Former Roseville Mayor and Placer County District I Supervisor F.C. "Rocky" Rockholm passed away yesterday after a short illness at the age of 73.
3,200 False Burglar Alarms in Roseville in One YearThe Roseville Police Department responded to approximately 3,200 false burglar alarms in 2016. That's an average of 8.75 service calls every day of the year for a non-crime purpose
Placer SPCA Searches for the Hero Next DoorRoseville, Calif. - Placer SPCA is seeking nominations for the 2018 Hero Awards, to be presented at the 17th Annual Funny Bones Comedy Show & Awards Night
Placer Community Foundation's 2018 Scholarship Applications Placer Community Foundation invites local high school seniors and current college students to apply for scholarship awards for the 2018-2019 year
BottleRock Napa Valley Sells Out of 3-Day Festival PassesNAPA, CA - January 9, 2018: BottleRock Napa Valley, presented by JaM Cellars, has announced that all 3-day passes for the sixth annual music, wine, food and craft brew festival have sold out.
NEWS: In Case You Missed It