Press Releases
Basin Street Properties Adds State Department of General Services/Real Estate Office of Integrated Services to Roster at Capitol Oaks Office Building
Government Agency Joins Numerous State Entities at Premier Office Complex
SACRAMENTO, Calif., Oct. 10, 2008 – Basin Street Properties, a prominent Northern California and Northern Nevada real estate investor of commercial and mixed-use properties, has added a new tenant to the four-story, “Class A” Capital Oaks office building. The California State Department of General Services/Real Estate Office of Integrated Services signed an eight year lease occupying 4,095 sq. ft. at 2535 Capitol Oaks Drive, effective September 1, 2008.
Other companies located in the 89,528 sq.ft. building are Countrywide Home Loans, Inc.; Department of Consumer Affairs – Shorthand Reporters; Department of General Services Consumer Affairs - Engineers; Department of Social Services; Department of Consumer Affairs – Medical Board; Department of Consumer Affairs – Vocational Nurses; Department of Social Services, Community Care Licensing; and the Office of Chapter 13 U.S. Trustee.
“We are pleased to welcome the California Department of General Services/Real Estate Office of Integrated Services as the newest government entity to Capitol Oaks,” said Scott Stranzl, vice president of leasing for Basin Street Properties. “Both businesses and government agencies find the location of Capitol Oaks appealing due to the building’s close proximity to the state capitol and associated constituents. Additionally, new improvements and accessibility to the freeway were key factors in the department’s decision to move to this location.”
Capitol Oaks is located adjacent to Highway 5 in the South Natomas sub-market, and is conveniently located to such community amenities as the Natomas Racquetball Club, walking trails, and the riverwalk. The building features an on-site health facility and basketball courts, and recent capital improvements, include HVAC, lobby, corridor and signage upgrades.
Devon Atlee of Cornish & Carey represented Basin Street Properties and Chris Schwarze of Colliers International represented the California Department of General Services/Real Estate Office of Integrated Services.
Basin Street Properties, headquartered in Petaluma, Calif., is one of Northern California’s and Northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail and mixed use developments. Founded more than 30 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information on Basin Street Properties, please call 775.329.4131 or visit www.basin-street.com.
