Press Releases
Basin Street Properties Relocates to Petaluma's Downtown Business Center
Theatre District Developer Joins Downtown Community Calling Waterfront Office Building its New Home
PETALUMA, Calif. – July 19, 2005 - After finalizing the sale of 1,350,000 sq. ft. of its North Bay portfolio to Equity Office (NYSE: EOP), Basin Street Properties, the North Bay's prominent developer of commercial and mixed-use properties in Sonoma, Marin and Napa counties, announces its relocation to Petaluma's bustling downtown Theatre District. As of July 11, 2005, Basin Street is occupying 10,374 sq. ft. of office space in the new Waterfront Office Building. Basin Street was previously located in the Redwood Business Park in Petaluma.
"We are excited to call Waterfront Office Building our new home," said Scott Stranzl, vice president of Basin Street Properties. "A downtown presence allows us to be in close proximity to our tenants, and the community at large. We remain committed to delivering quality real estate services and community-based programs to the businesses and residents of Petaluma, as well as the entire North Bay region."
"This move is part of our long-term business plan," added Stranzl. "The new office space has the capacity to accommodate our growth strategy as we focus on the continued and successful development, acquisition and redevelopment of properties throughout the North Bay."
The company's new location at the Waterfront Office Building features an onsite leasing office, which will provide commercial and residential leasing services seven days a week.
Waterfront Office Building, located at 201 First Street in the Theatre District of historic downtown Petaluma, is a three-story, Class-A property with 50,000 sq. ft. of office space. Featuring operable windows, outside decks and on-site parking, the building boasts a premier location offering high visibility and foot traffic, as well as close proximity to Highway 101. Direct access to public transportation is available, and a host of downtown amenities are footsteps away, including restaurants, shops, banks, and 12-screen movie cinema house.
Basin Street Properties is the North Bay's prominent developer and manager of commercial properties in Sonoma, Marin and Napa counties. Founded more than 30 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.
