980 9th Street aka Park Tower

980 9th St, Sacramento, CA 95814, USA

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This approximately 447,000-square-foot, 25-story Class A office tower is one of downtown Sacramento's most notable buildings with its Art Deco-inspired design, tiered setbacks, granite columns, limestone walls and dramatic lighting.  The contemporary lobby features a 3-story entrance atrium, limestone floors and columns, and wood finishes.  The building is adjoined to Galleria Arcade, a large enclosed public space that is connected to the refurbished and expanded Sacramento Public Library.

CIM sold Park Tower in 2017.

Investment Highlights
  • Located on the corner of 9th and J Streets
  • Connected to the Galleria Arcade and the Sacramento Public Library
  • Enclosed parking garage with approximately 800 spaces
  • Additional parking at 1010 8th Street Garage  
CIM views urban investing as a discipline rather than a market niche or a trend.

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