M Corp, a Sacramento-based information technology and management consulting firm with government and commercial clients, said today that it is part of a partnership that purchased the century-old Regis Building on K Street in downtown Sacramento and will eventually move its headquarters there.
Cathedral View LLC - managing partner Michael Stumbos of Stumbos & Co. Real Estate, M Corp and other investors - completed the deal this week for the five-level building at the southwest corner of 11th and K streets.
Cathedral View paid about $4 million to a Southern California investment fund manager for the building. CB Richard Ellis Vice President Heath Kastner and Senior Associate Tony Whittaker handled the transaction. Umpqua Bank provided the financing.
M Corp hopes to be moved in by March or April.
Currently, M Corp operates out of 947 Enterprise Drive, Loft C, off Howe Avenue in Sacramento. It employs about 100, most of those working with clients in the Sacramento area. M Corp has won multiple state contracts in the past couple of years.
"The Regis Building provides our company with the space we need to continue to grow, while experiencing first-hand and contributing to the revitalization of K Street," said Alex Castro, one of three founding partners of M Corp. "This building is a great opportunity for the company, our employees and the community."
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