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Basin Street Properties
Scott Stranzl
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(707) 795-4477

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Jen Klein
(415) 397-4811

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Eastside Cycles Opens Second Location in Basin Street's Theatre District Downtown Center

PETALUMA, Calif. – August 16, 2005 - Basin Street Properties, the North Bay's prominent developer of commercial and mixed-use properties in Sonoma, Marin and Napa counties, has signed a five-year lease for 2,500 sq. ft. with Eastside Cycles, a full-service professional bike shop. Located in the newly thriving Theatre District's Downtown Center adjacent to the parking garage, the shop opened its doors to the public in July 2005.

"We have a history with Eastside Cycles and we are thrilled that they chose Basin Street to assist them in securing their second location," said Scott Stranzl, vice president of leasing for Basin Street Properties. "With the revitalization of downtown, the Theatre District is ideal as we anticipate a significant increase in foot and bike traffic to the area."

"Basin Street offered us the best location in town to set up our pro shop and we couldn't be happier with our choice," said Eastside Cycles owner John Muella. "We are excited to be in the Theatre District, which will give our second location great exposure."

Eastside Cycles offers a broad range of pro road bikes and mountain bikes, and offers all the accessories in-store to make any ride – whether it's on the road or on a dirt trail – a comfortable one. This is the second location for the four-year shop, as the original store is located in East Petaluma, and focuses on family-oriented bicycles and accessories. For more info, please visit: www.eastsidecycles.com.

The Theatre District is centrally located in Petaluma's historic downtown and offers a new and vibrant destination for residents and workers within the city, throughout the North Bay and beyond. Located in the heart of historic Petaluma, the property boasts waterfront views and a number of retail amenities, including a new 12-screen movie cinema house. From its open-air plaza, specialty shops and cafés to state-of-the-art office space and amenity-oriented apartments and lofts, the Theatre District is a development unlike any other in the North Bay.

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.