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Basin Street Properties
Scott Stranzl
Vice President
(707) 795-4477

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Jen Klein
(415) 397-4811

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VARRIS Mortgage Solutions Sets Up Headquarters at Golden Gate Plaza

PETALUMA, Calif. – February 2, 2005 - Basin Street Properties, the leading developer of commercial and mixed-use properties in Sonoma, Marin and Napa counties, has signed a five-year lease with VARRIS Mortgage Solutions at Basin Street’s newly acquired Golden Gate Plaza property. VARRIS Mortgage Solutions will occupy 2,200 sq. ft. of office space.

“Since acquiring Golden Gate Plaza, we have seen continued activity, and we welcome VARRIS Mortgage Solutions,” said Scott Stranzl, vice president of leasing for Basin Street Properties. “We always strive to provide our tenants with prime locations suited for long-term growth, and we’re confident we’ve done that for VARRIS.”

“The modern space at Golden Gate Plaza complements our corporate image, which is important with both current and future clients,” said Vincent Lucania, president of VARRIS Mortgage Solutions. “The location is within walking distance of retail shopping, restaurants and cafes, which is a huge plus for our employees. Overall, it is a very attractive space and the right property for our needs.”

VARRIS Mortgage Solutions, originally named Members Mortgage, was founded in 1997 by Vincent Lucania and Harris Wong. Their combined 30 years experience as mortgage lending experts for credit unions has expanded to include specialized mortgage services for realtors, builders and individual clients. VARRIS presently serves more than 30,000 member clients nationwide and is located at 101 Rowland Way, Suite, 305 Novato, CA 94945. For more info please call 1-877-4-VARRIS or visit them on the web at www.varris.com.

Golden Gate Plaza is a three story Class “A” building off of Rowland Way. With excellent finishes and views, the building has on-site showers and lockers, running/walking trails through ecological preserve and is within walking distance to retail shopping and restaurants/cafes at Vintage Shopping Center. For information regarding leasing options at Golden Gate Plaza please contact Scott Stranzl at 707.795.4477.

Basin Street Properties is the largest developer and manager of commercial properties in Sonoma, Marin and Napa counties. Founded more than 25 years ago, the company offers a broad range of real estate services to the Northern California Bay Area real estate market, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information on Basin Street Properties, please call 707.795.4477 or visit www.basin-street.com.