NAV  University Enterprises Inc.

UEI Purchases Downtown Building on Behalf of Sacramento State

SACRAMENTO, Calif., June 1, 2016 – University Enterprises, Inc. (UEI) recently purchased a building in downtown Sacramento for Sacramento State to house the University’s planned School of Public Affairs. The purchase strengthens Sac State’s role as California’s capital university and will enable more students to get classes they need to graduate on time and succeed in their careers. Classes could be held at the new campus as early as this fall.

UEI purchased the three-story, 30,610 square foot building at 304 S Street for approximately $5.4 million. UEI paid cash for the property and no state funds or student fees were used in the purchase. Bruce Hohenhaus of Cushman & Wakefield’s Sacramento office represented UEI, which purchased the property through court-appointed receiver, Jeffrey P. Fanzo of ProEquity Asset Management Corporation. UEI Executive Director Jim Reinhart commented, “Sac State has wanted a larger downtown presence to provide more access for students for many years. The opportunity arose for UEI to assist and we were able to acquire a property that met the University’s unique needs.”

The School of Public Affairs will be joined by the Center for Collaborative Policy, the Institute for Social Research, the Capital Fellows Programs, potentially the Project for an Informed Electorate, the Sacramento Semester Program, and the Government Department Internship Program. The Center for California Studies, which administers the Capital Fellows Programs, will remain on the University’s main campus.

Also expected to have a presence at the new school are the College of Continuing Education, the Master’s of Business Administration for Executives program, the Center for Small Business, and the Education Insights Center. Some undergraduate government classes related to California politics may also move to the new building.

“The city, the mayor, our public policy alumni group, and the citizens of Sacramento have been asking for Sac State to establish a presence downtown, and we are now #MakingItHappenAtSacState. We are the capital’s university and, with this new building, we are delivering on the promise to offer programs and courses near the State Capitol and City Hall.” — President Robert S. Nelsen, Sacramento State

UEI provides programs and services that enrich the Sacramento State experience and support the University community’s evolving needs. In addition to property services, such as the Julia Morgan House Event and Conference Center, UEI oversees research grants and contracts, the California Intern Network, the Hornet Bookstore, the Upper Eastside Lofts, and campus food services.