Industrial building sells on Sacramento’s suddenly hot R Street

Another industrial building has sold on Sacramento’s R Street, setting the stage for more
redevelopment in what is becoming one of the city’s trendiest commercial districts.

Michael Heller, president of developer Heller Pacific Inc., said Friday his firm purchased
the former Capital Wholesale Electric building at 12th and R streets for an undisclosed
price.

Heller said he and his partner in the project, a company called Ridge Capital, have
already lined up two office tenants and hope to attract a restaurant to fill out the rest of
the 25,000-square-foot building. Capital Wholesale, which owned the property, has
relocated to a spot off Bradshaw Road.

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