Sentinel staff report–
A two-story, former credit union building at the corner of Sunrise Boulevard and Uplands Way has been sold for $2 million, with a lease now in place to turn the location into a new flagship store and corporate offices for See’s Candies.
News of the sale was described in an Oct. 7 press release, with the sale price confirmed by a Tallen Capital Partners spokesperson. Tallen Capital and Citivest Commercial partnered together to acquire the 10,621-square-foot building back in May, with See’s Candies later signing a long-term triple-net lease for the building, according to the release.
The flagship store will reportedly include a retail shop, corporate offices, and a business-to-business operations unit for corporate sales. The property at 5499 Sunrise Blvd. was previously home to Patelco Credit Union.
“See’s Candies representatives have relayed to us that they have found the perfect location for their first corporate flagship operation in over 100-years,” Tallen Capital Partners CEO Terry Tallen said in the news release. “We are immensely proud to add this jewel box to our growing retail portfolio.”
Tallen also said See’s Candies has indicated they will be “consolidating several other locations in the greater Sacramento marketplace to create the flagship store.”
Tallen Capital and Citivest specialize in real estate investment, including purchase of distressed or under-performing commercial and residential properties.
