Tower Investments Sells Natomas Pointe Plaza Office Bldg to PORAC
By Press Release
September 4, 2020
Tower Investments is pleased to announce the sale of Natomas Pointe Plaza Office Park Building “D” located at 2940 Advantage Way, Sacramento, California, to the Peace Officers Research Association of California (PORAC). PORAC was incorporated in 1953 as a professional federation of local, state and federal law enforcement agencies. PORAC represents over 77,000 public safety members and over 930 associations, making it the largest law enforcement organization in California and the largest statewide association.
Tower’s development team completed the construction of the 6-building Natomas Pointe Plaza Office Park. As each Class-A office building was completed by Tower’s principal contractor, SSW Construction Corp, the building was sold or leased to an end user. The recently sold 2940 Advantage Way is a two-story, 20,000 SF building on 1.09 acres.
Prior Natomas Pointe Plaza office buildings that have been completed by Tower have been sold to California State Employees Association, The Insurance & Benefits Trust of the Peace Officers Research Association of California and Natomas Charter School. Natomas Pointe Plaza Bldg “F” is currently leased to Sutter Valley Medical Center.
The sale of 2940 Advantage Way to PORAC was represented by Scott Bennett and Thomas Walcott of Colliers International.