International Drive

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International Drive

10811 INTERNATIONAL DRIVE, RANCHO CORDOVA, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and Repositioning
Size: 55,192 square feet
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

Ridge Capital, Inc. purchased this project, located in well-known Prospect Park, and completed repairs and upgrades including repainting the building exterior and completing ADA improvements in the parking areas.  The ensuing marketing and leasing program resulted in a lease to a publicly traded company and the project was subsequently sold to an investor creating attractive returns to the Fund.

American Center

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American Center

10375, 10381, 10385 AND 10419 OLD PLACERVILLE ROAD, SACRAMENTO, CA

Status: Completed Portfolio Investment
Property Type: Office Buildings
Project Type: Acquisition and Repositioning
Size: 55,456 SF – 13,864 SF each
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

 
These four buildings in the American Center development are part of an established, well-located, multi-building park.  They were purchased in October of 2015 at significantly below market prices.   Ridge Capital negotiated with the existing tenants to renew and restructure their leases and obtained new tenants increasing net income.  All four buildings were sold to individual investors at prices substantially over acquisition costs.

2959 Thomas Place

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2959 Thomas Place

2959 THOMAS PLACE, WEST SACRAMENTO, CA

Status: Completed Development
Property Type: Industrial
Project Type: Warehouse/Distribution
Size: 138,455 SF
Capital Structure: Institutional Equity

2959 Thomas Place is a newly developed warehouse/distribution building in Southport Business Park that was built on a spec basis and recently sold to a large international company as an owner/user.   The attractive location in West Sacramento minutes from major freeway systems and the construction ideally suited a warehouse/distribution use attracted the interest of this corporate user.   The project offers 30’ clear heights, upgraded sprinkler/electrical systems, and ample dock doors.   The sale was achieved shortly after completion of construction.

Carlin Drive

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Carlin Drive

3510 CARLIN DRIVE, WEST SACRAMENTO, CA

Status: Leased Build-to-Suit – Spring 2018
Property Type: Industrial
Project Type: Warehouse/Distribution
Size: 387,420 SF
Capital Structure: Institutional Equity

Carlin Drive is a 387,420 sf warehouse/distribution facility currently under construction that has been leased in its entirety to a Fortune 500 company on a build-to-suit basis.   The building’s advantages include 36’ foot clear heights, 43 per side, cross-dock layout, with 56’ interior column spacing. The location in Southport Business Park with access to international distribution corridors of I-5 and Highway 80 also helped attract the full building lease.

Mulvany Place

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Mulvany Place

3030 Mulvany Place, WEST SACRAMENTO, CA

Status: Completed Build-to-Suit Development
Property Type: Industrial
Project Type: Warehouse/Distribution
Size: 249,048 SF
Capital Structure: Institutional Equity

3030 Mulvany Place was a build-to-suit completed to allow the consolidation of Core-Mark International’s northern California operations. This recently developed 249,048 sf concrete tilt up warehouse/distribution facility was built to meet Core-Mark’s needs with 30’ foot clear heights, 55’ X 56’ column spacing and 38 dock high doors. In addition to the new custom built facility, Core-Mark was attracted by the close proximity to major transportation networks and the established business park environment.

Massie Court

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Massie Court

3600 MASSIE COURT, WEST SACRAMENTO, CA

Status: Completed Development
Property Type: Industrial
Project Type: Warehouse/Distribution
Size: 474,792 SF
Capital Structure: Institutional Equity

Massie Court was a newly developed 474,792 sf concrete tilt up warehouse/distribution facility that was leased prior to completion by Nor-Cal Beverage Co. The building attracted Nor-Cal with 36’ foot clear height, 50 X 56 ’ column spacing and 112 cross-dock loading doors.   The building was appealing due to the physical features in addition to the convenient location minutes from the deep water port, three miles from Highway 50 / Interstate 80 and minutes from I-5.

825 F Street

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825 F Street

825 F STREET, WEST SACRAMENTO, CA

Status: Completed Portfolio Investment
Property Type: Industrial
Project Type: Warehouse/Distribution
Size: 54,000 SF
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

825 F Street is a warehouse/distribution building located in West Sacramento within minutes of Interstates 80, I-5, and downtown Sacramento.   Located in a fully enclosed, six building complex, this project was purchased at an attractive price and a capital improvement plan was implemented to improve its market appeal to tenants and owner/users.   Ridge Capital, Inc completed two new leases and then accomplished the sale of the building to an investor at attractive returns to the Fund.

879 F Street

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879 F Street

879 F STREET, WEST SACRAMENTO, CA

Status: Completed Portfolio Investment
Property Type: Industrial – Warehouse/Distribution
Project Type: Acquisition and reposition
Size: 55,000 SF
Capital Structure: Ridge Opportunity Fund III, L.P., Private equity – internally managed discretionary fund

879 F Street is a warehouse/distribution building located in a fully fenced six building complex in West Sacramento. This project was purchased out of bankruptcy working with the court, attorneys and the Trustee for the Debtor’s bankruptcy case. Ridge Capital worked with the Trustee to vacate the existing tenants related to the prior bankrupt owner and renegotiated a attractive lease with the remaining credit tenant, implemented a capital improvement plan and successfully marketed the building to procure a new tenant for the balance of the building. The building was then sold to an investor at an attractive return for the Fund.

Kilgore

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Kilgore

2920 Kilgore Road, Rancho Cordova, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and repositioning
Size: 50,000 square feet
Capital Structure: Institutional Equity

2920 Kilgore Road was a +/-50,000 square foot, two-story office building on a 3.477-acre parcel purchased in 2013 in Prospect Park – a prominent business park in Rancho Cordova, California.  The building was home to a national insurance firm who had since vacated leaving tired and outdated tenant improvements.  Ridge Capital undertook a significant demolition project to open floor plates and bring light into the building and upgraded the building lobby and restroom core.  In addition to the interior work, Ridge Capital updated building access and exterior landscaping.  This repositioning resulted in a sale to a Bay Area investment company and above targeted return for our investors.

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11130 Sun Center

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11130 Sun Center

11130 Sun Center Drive, Rancho Cordova, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and repositioning
Size: 30,096 square feet
Capital Structure: Institutional Equity

11130 Sun Center is a +/-30,000 square foot, one-story, single user office building located in an established business park.  Purchased from a lender, Ridge Capital instituted capital improvements, landscaping re-hab and other physical upgrades to improve the project’s market appeal.  These efforts resulted in a lease with a national tenant and an attractive subsequent sale to an investor.

Heritage Lane

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Heritage Lane

1851 Heritage Lane, Sacramento, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and Repositioning
Size: 60,883 square feet
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund

1851 Heritage Lane is a well located, multi tenant office project located in the popular Point West submarket of Sacramento. This two story, garden style project was approximately 50% leased at purchase with extensive deferred maintenance.  Ridge Capital completed several capital improvement projects including interior corridor refurbishment, landscaping rehab and parking lot re-seal, and an aggressive leasing program was put in place which brought the project to 100% leased.   The project was sold offering meaningful returns to investors.

Blue Ravine

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Blue Ravine

151 Blue Ravine Road, Folsom, CA

Status: Completed Portfolio Investment
Property Type: Office Building
Project Type: Acquisition and repositioning
Size: 79,000 square feet
Capital Structure: RC Blue Ravine, LLC., Private equity – internally managed discretionary fund

151 Blue Ravine Road was a successful Ridge Capital project. The site had a strong history of corporate tenancies but was in need of updating and several repairs. Situated on a 6.60-acre parcel in Lake Forest Tech Center – a prominent business park in Folsom, California the project was formerly occupied by Cal ISO the operator of the state’s electrical grid. The building offered infrastructure advantages, and Ridge undertook a major demolition project to open up the interior to show off the structure and high ceilings. In addition to the demolition, Ridge Capital completed several capital repairs including roof and rafter repairs, landscape work and concrete wall repairs. The building’s amenities combined with the open interior and upgrades attracted VSP a publicly traded company who purchased the building in January of 2014 at a significant profit to Blue Ravine investors.

Northgate Business Center (“Office” version)

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Northgate Business Center (Office)

4600 Northgate Boulevard, Sacramento, CA

Status: Completed Portfolio Investment
Property Type: Office
Project Type: Acquisition and repositioning
Size: 36,115 square feet
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund

Northgate Business Center is conveniently located minutes from Interstate 80 on Northgate Boulevard – a single story office building consisting of 36,115 square feet.  Purchased from an out of town owner, who had failed to undertake basic repairs, Northgate Business Center was below 50% occupied upon purchase.  Ridge Capital instituted an aggressive leasing program combined with targeted capital expenditures to bring the project to over 90% leased.  The project was sold in 2014 at attractive returns to Fund investors.

Lakeside Plaza

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Lakeside Plaza

6121 Lakeside Drive, Reno, NV

Status: Completed Portfolio Investment
Property Type: Office
Project Type: Acquisition and repositioning
Size: 33,372 SF square feet
Capital Structure: Balboa Value Funds II, L.P. Private equity – internally managed discretionary fund

Lakeside Plaza is a steel-framed, two story project situated in the most attractive office submarket in Reno. Control of the project was obtained in 2009 via a note purchase which was later foreclosed upon after a default.  The building was in need of capital and lacked competiveness in the market due to its tired appearance.  Ridge Capital created and implemented a capital investment and marketing plan to refresh the project making it attractive to users and the brokerage community.   Occupancy was approximately 57% at purchase, and by 2015 the project had achieved 93% occupancy.  A sale was completed with an investor at an attractive return for the Fund.

CalSTRS Corporate Headquarters

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CalSTRS Corporate Headquarters

100 Waterfront Place, West Sacramento, CA

Status: Completed 2007
Property Type: Office
Project Type: New Construction – Corporate Headquarters build-to-suit
Size: 409,000 square feet
Capital Structure: Fee development

Located at 100 Waterfront Place in West Sacramento, the CalSTRS headquarters facility is a 409,000 square foot, 13-story office tower situated on a spectacular waterfront site in West Sacramento. Developed to serve as corporate headquarters facility for one of the nation’s largest pension funds, every step of the design and development process was taken with long-term operation and ownership in mind. The building features all of the modern amenities typically found in world class buildings of this type including: extensive security systems, underfloor mechanical and electrical distribution, enhanced energy management and lighting system. Upon completion, 100 Waterfront Place received a LEED Gold NC certification. Ridge Capital Inc. personnel provided complete development management services for the project and coordinated all aspects of the entitlement, design, budgeting, scheduling, construction, and occupany for the project.

Nationwide Insurance

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Nationwide Insurance

1561 Exposition Boulevard, Sacramento, CA

Status: Completed 2006
Property Type: Office
Project Type: New Development, Corporate Tenant Build-to-Suit for Lease
Size: 70,000 square feet
Capital Structure: Internally funded

This three-story suburban office building was built on land reserved for expansion on Nationwide’s Sacramento area campus. Originally conceived as a corporate owned facility, this project became a build to suit for lease when Nationwide determined they needed a more flexible long-term real estate strategy. Ridge personnel worked closely with Nationwide to redesign the previous campus masterplan to permit a more modern and efficient facility. Although Nationwide only committed to lease 2 floors initially, they leased the third floor shortly after completion.

Highland Pointe

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Highland Pointe

915 and 925 Highland Pointe Drive, Roseville

Status: Buildings A & B Completed in 2007, Building C Completed in 2009, Building D TBD
Property Type: Class A Suburban Office
Project Type: New Development, 4 Building Masterplanned Office Park
Size: 366,000 Square Feet in 4 Buildings
Capital Structure: Fee development

Highland Point was designed to be the premier Class A office project in Roseville’s rapidly growing Highway 65 corridor. Ridge personnel provided complete third party development management services for the entitlement, design, and construction of the project on behalf of a sophisticated private investor. The Highland Pointe project features typical design specifications demanded by Class A tenants including: 10’ finished ceiling heights, multi-story lobby feature, extensive glassline and natural light, park like landscaping. Current tenants include Rabobank, and eTrade Financial.

Kaiser Medical Office Building

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Kaiser Medical Office Building

10305 Promenade Parkway, Elk Grove, CA

Status: Completed 2011
Property Type: Office
Project Type: Fee Development
Size: 65,000 square feet
Capital Structure: Fee Development

A design-build collaboration between the developer and Kaiser Project Management, new facility doctors and staff, design team and contractor for design, construct and fit out a 2 story, 65,000 square foot medical office building including Primary Medicine, Radiology, Pharmacy, Women’s Health, Pediatrics, Lab, and newly established Sports Medicine, clinics, as well as the Healthy Living store. The project was delivered with the new Kaiser standards below the typical Kaiser budget, setting an example they are excited to repeat with other new facilities.

11031 Sun Center

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11031 Sun Center Drive

11031 Sun Center Drive, Rancho Cordova, CA

Status: Completed 2012
Property Type: Office
Project Type: Acquisition and Repositioning
Size: 113,000 square feet
Capital Structure: Internally funded

Located in Sacramento’s Highway 50 Corridor submarket, the 11031 Sun Center Drive office building consists of approximately 113,000 SF. When purchased by Ridge personnel in 2006, the 11031 Sun Center Drive building was in need of renovation. However, it was thought to be a fundamentally sound building with features including 5 per 1,000 SF parking, and 56,000 SF floorplates, which remain in high demand in the local market. While in escrow to purchase the property, a national insurance company tenant was secured for 100% of the building.

11093 Sun Center

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11093 Sun Center Drive

11093 Sun Center Drive, Rancho Cordova, CA

Status: Completed 2012
Property Type: Office/R&D
Project Type: Acquisition and Repositioning
Size: 31,630 square feet
Capital Structure: Private equity – syndicated

The Sun Center Project is situated on a 2.86 acre, corner lot parcel, located at the intersection of Sun Center Drive and Kilgore Road in Prospect Business Park – one of the most prominent business parks in the Highway 50 Corridor. The project constructed in 1984 has the benefits of both warehouse space and ample parking at 4/1000. Ridge Capital purchased the building in January of 2012 and secured a long-term tenant shortly thereafter who subsequently purchased the building.

Golden Foothills Parkway

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Golden Foothills Parkway

5190 Golden Foothills Parkway, El Dorado Hills, CA

Status: Completed 2010
Property Type: Office
Project Type: Acquisition and reposition
Size: 19,920 SF square feet
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally funded

The Golden Foothill Parkway Project is a two-story office building constructed in 1984.  It is situated on a 1.9 acre, corner lot parcel at the entrance of one of the main business parks in El Dorado Hills, an affluent Sacramento suburb.

Gold Canal

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3005 Gold Canal Drive

3005 Gold Canal Drive, Rancho Cordova, CA

Status: Completed Portfolio Investment
Property Type: Office
Project Type: Acquisition and Repositioning
Size: 12,800 square feet
Capital Structure: Private Equity – Internally funded

The Golden State Water Company facility is a 12,800 square foot office/flex building located in Rancho Cordova, CA. The building was owned by a nonprofit organization, which used the property as a regional office for many years. After relocating to a new facility, the organization decided to liquidate the asset.

In June 2011, a broker with whom Ridge had a long-standing relationship notified the Company that Golden State Water Company (“GSWC”), an A+-rated subsidiary of a publicly traded utility company, would be interested in leasing the building if it were significantly improved (with the cost of those planned improvements approximately equal to the purchase price of the building). The current owner did not have the capacity to make the required improvements. While in escrow to acquire the property, the Company negotiated a 10 year lease with GSWC including the scope of the required site and tenant improvements.

Airport Plaza

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Airport Plaza

1755 Plumb Lane, Reno, NV

Status: Completed 2007
Property Type: Office Leasehold Interest
Project Type: Acquisition and Repositioning
Size: 77,459 square feet
Capital Structure: Balboa Income & Growth Fund, L.P., Private equity – internally managed discretionary fund

Airport Plaza is a two-story multi-tenant professional office building situated directly across the street from the Reno International Airport. The project offers immediate access to Interstate 395 and is in close proximity to downtown Reno. The project involved extensive upgrades to the building and building systems, re-measuring the building to BOMA standards, and the negotiation of an extension of the ground lease term to 50 years. The targeted capital improvements significantly increased the project’s efficiency and reduced operating expenses. After completing the project renovation and re-leasing significant portions of the building, the company sold the project to a syndicated investment group.

Main Avenue Industrial

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Main Avenue Industrial

161 Main Avenue, Sacramento, CA

Status: Completed Portfolio Investment
Property Type: Warehouse Distribution
Project Type: Acquisition and Repositioning
Size: 117,600 square feet
Capital Structure: Balboa Value Fund II, L.P., Private Equity – internally funded

Northgate Business Center (“Industrial” version)

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Northgate Business Center (Flex)

4610 – 4650 Northgate Boulevard, Sacramento, CA

Status: Completed Portfolio Investment
Property Type: Flex
Project Type: Acquisition and repositioning
Size: 93,122 square feet
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund

Northgate Business Center is a six building flex-industrial complex conveniently located minutes from Interstate 80, Interstate 5 and the Sacramento Airport on Northgate Boulevard in Sacramento. Northgate Business Park is adjacent to numerous services and amenities including hotels, restaurants and shopping. The Project offers industrial/flex users a convenient environment with office and warehouse space, grade level roll up doors in a professional business environment.

Napa Valley Crossroads

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Napa Valley Crossroads

Napa, CA

Status: Completed 2005 (Phase I); 2008 (Phase II)
Property Type: Industrial (Warehouse, Production and Tasting)
Project Type: New Construction/Acquisition and Repositioning
Size: Existing 48,050 square feet; 2 Industrial buildings totaling 313,661 square feet
Capital Structure: Private equity – single investor

Napa Valley Crossroads is a two building, state of the art industrial warehouse project catering to the Napa Valley wine industry. Located at the intersection of California State Highways 12 and 29, the project provides both high identity and ready access to the Napa Valley and Interstate 80. The project originated with the acquisition of three existing industrial buildings totaling 48,050 square feet plus 15.56 acres of land. The existing buildings were renovated, subdivided and then sold to a local craft brewery. Two high image industrial buildings (150,124 and 163,537 square feet, respectively) were designed and constructed on the remaining land. These new buildings were developed with construction specifications and architectural features designed to attract wine industry tenants. The project is leased to Trinchero Estate (Sutter Home), Collotype and Vinlux.

Seaport 185

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Seaport Industrial Center

2939 & 2885 Seaport Boulevard, West Sacramento, CA

Status: Completed 2003
Property Type: Industrial (Food Facility)
Project Type: New Construction
Size: 135,885 square feet
Capital Structure: Internally funded

Seaport Industrial Center consists of two state of the art industrial distribution facilities located in the Port of Sacramento Area Industrial Park, the area’s premier industrial business park. The 2939 Seaport Boulevard building contains 135,000 SF and became a build to suit for Raley’s institutional bakery. The 2885 Seaport Boulevard building features a cross-dock configuration and contains 182,000 SF. It is presently leased to PFX Pet Supply, Mission Foods, and Standard Register. Both buildings feature 30’ minimum clear height, ESFR sprinkler systems, ample truck doors, and generous maneuvering areas.

Tide Court

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Tide Court Distribution Center

1680 & 1660 Tide Court, Woodland, CA

Status: Completed 2003
Property Type: Industrial (Food Facility)
Project Type: New Construction
Size: 135,885 square feet
Capital Structure: Internally funded

Tide Court Industrial Center consists of two state of the art industrial distribution facilities located on Tide Court in the City of Woodland. The 1680 Tide Court building contains 427,000 SF and became a build to suit for Advanced Marketing Services, Inc. The 1660 Tide Court was developed as a spec building and became 100% leased to Amerimax Building Products, Inc. and a third party logistics provider for Glidden Paint. These cross-dock buildings feature 30’ minimum clear height (1680 Tide Court is 32’ min.), ESFR sprinkler systems, ample truck doors, trailer drop areas, and generous maneuvering areas.

Stender Building

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Stender Building

3001 Stender Way, Santa Clara, CA

Status: Completed 2007
Property Type: R&D Manufacturing
Project Type: Acquisition and Repositioning
Size: 61,824 square feet
Capital Structure: Private equity – syndicated

The building is a two-story concrete tilt up R&D/Manufacturing containing 61,824 square feet which was purchased and a full rehab and repositioning was completed to take advantage of improving market conditions and the strong location of the building.  Ridge team members completed extensive work including new elevators, replacing restroom cores, cut new windows, replaced the HVAC, replaced the roof and upgraded exterior architectural treatment to add interest. 3001 Stender was sold to a green energy technology company.

Laguna Creek Industrial

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Laguna Creek Ranch Industrial Park

3132 Dwight Road, Elk Grove, CA

Status: Completed 2007
Property Type: Industrial (Distribution)
Project Type: Acquisition and Repositioning
Size: 2 buildings totaling 297,972 square feet
Capital Structure: Balboa Income & Growth Fund, L.P., Private equity – internally managed discretionary fund

The Laguna Creek Ranch Industrial Park is a two-building industrial project located in Elk Grove, CA (a Sacramento submarket) that offers ready access to Interstate-5. The Company acquired the project off-market from Lincoln National Life Insurance Co, which had begun repositioning the project into a multi-tenant facility by demising the buildings into smaller suites. After acquiring the project, the Company continued repositioning it, and was successful in leasing it in smaller increments and securing higher rents than bulk space commanded, which increased the project’s current and pro forma capitalized value. After stabilizing the project, the Company decided to liquidate the property given aggressive market valuations at the time.

Synopsis

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Synopsis

1094 West Maude Avenue, Sunnyvale CA

Status: Completed 2009
Property Type: Office/R&D
Project Type: Acquisition and reposition
Size: 22,092 square feet
Capital Structure: Private equity – internally funded

With convenient access to Highways 101 and 237 and in close proximity to several key amenities including Sunnyvale Town Center and the Caltrain, this project was widely considered a highly desirable address by tenants. The asset is 100% leased to Synopsys, a market leader in semiconductor design software.

Commerce Business Park

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Commerce Business Park

165 – 193 Commerce Circle, Sacramento, CA

Status: Completed 2007
Property Type: Industrial (Light Industrial/Warehouse)
Project Type: Acquisition and Repositioning
Size: 4 buildings totaling 110,476 square feet
Capital Structure: Balboa Income & Growth Fund, L.P., Private equity – internally managed discretionary fund

Commerce Business Park is a four-building warehouse/light industrial project situated in a prime Sacramento location, offering immediate access to Interstates 5 and 80, and state highways 99 and 160. The Company acquired the project from a large industrial REIT that was liquidating non-core assets it had acquired in a merger. The project suffered from significant deferred maintenance, mismanagement, and rents that were well below market.

The Company re-roofed and painting the buildings, re-surfaced the parking lot, and made a number of other physical upgrades to the project. To allow the buildings to be sold individually and capture the break-up value of the portfolio, Company negotiated lease buyouts with tenants representing 62% of the project’s leasable area, and recorded a reciprocal easement and maintenance agreement. The Company sold two buildings approximately 4 months after acquiring the project, a third building in 6 months, and the fourth building in 11 months.

Vista Business Park

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Vista Business Park

539 – 541 Vista Boulevard, Reno, NV

Status: Completed Portfolio Investment
Property Type: Industrial Condominiums for sale or lease
Project Type: Acquisition and repositioning
Size: 8,565 – 17,130 rsf
Capital Structure: Balboa Value Fund II, L.P., Private equity – internally managed discretionary fund

Vista Business Park was built in 2006 and was designed as an industrial flex project consisting of two industrial buildings totaling 112,622 square feet and subdivided into condominium units. This project is located in Sparks, Nevada, which was hit hard by the recession. Balboa Value Fund purchased the remaining 6 condominium units and a 7.63 acre parcel in 2009 and in 2011 sold the land at an attractive price significantly reducing risk and the capital investment. Working closely with the brokerage community, Ridge Capital was able to procure buyers for the remaining condominiums, selling the last unit in early 2016.

1830 L Street

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1830 L Street

1830 L Street, Sacramento, CA

Status: Completed Urban Redevelopment
Property Type: Retail Building
Project Type: Acquisition and Repositioning
Size: 7,200 square feet
Capital Structure: Private equity – internally managed discretionary fund

1830 L Street is located in the heart of Midtown Sacramento.  This area is known for popular restaurants, boutiques, and lofts attracting numerous tenants and residents.  Ridge Capital, Inc. purchased this site as a former Laundromat.  The lot has been cleared and leased on a long-term basis to a company backed by Anheuser Busch Corporation and they are developing a unique locally branded brewery, tasting room and restaurant.  The building will be a striking design in keeping with its prominent mid-town location.