Investment Firm Opens El Dorado Hills Satellite Office
A Sacramento investment firm with headquarters on Capitol Mall has signed a lease for a satellite office in the El Dorado Hills Town Center.
The lease gives LP Capital Advisors LLC the 10,000-square-foot top floor in the center’s three-story executive office building. The Orleans Building has balconies overlooking the Town Center’s lake as well as El Dorado Hills, Folsom and the Sacramento Valley.
The lifestyle center has been developed by The Mansour Co. over the past 20 years.
LP Capital will be the first office tenant in the Class A office building, which was completed two years ago and has several retail tenants on the first floor. The company signed a five-year lease, said Tony Mansour, developer of Town Center.
Lately, multiple tenants have expressed interest for space on the building’s second floor, which has 17,000 square feet to lease.
“This has been a trend on and off for years. Executives don’t have to come downtown. They can put their office in west Placer County or El Dorado County,” said Chris Strain, executive director with brokerage Cushman & Wakefield of California, which was not involved in the deal. “They are keeping their downtown presence and they also have an office in a lifestyle center, which can be attractive.”
LP Capital will move into the penthouse in the early fall. The investment firm will retain its Capitol Mall office.
The company’s clients include some of the world’s largest public pension systems, corporate pension funds, sovereign ...