Press Releases
Basin Street Properties Rounds Out the Year with Steady Leasing Activity in Northern California
Leading Real Estate Investor Secures More than 16,500 sq. ft. Across Several of its Premier Properties
PETALUMA, Calif., December 10, 2009 – Basin Street Properties (www.basin-street.com), a prominent Northern California and Northern Nevada real estate investor of commercial and mixed-use properties, ends the year with a flurry of leasing activity. The company has signed six new tenants at several of its premier locations throughout Northern California. John Schloetter & Company, Keller Williams Realty, James B. Oliver Insurance, Moyo’s Frozen Yogurt, RBC Wealth Management and Pisenti & Brinker will occupy a combined total of approximately 16,500 sq. ft of space.
“Despite a challenging commercial real estate market, our leasing activity has remained relatively steady,” said Scott Stranzl, vice president of leasing for Basin Street Properties. “We attribute this activity to the quality and location of our properties, outstanding property management services and the numerous amenities we offer tenants.”
At the Redwood Business Center in Petaluma, Calif., John Schloetter & Company, an accounting firm, signed a seven-year lease agreement and will occupy approximately 2,330 sq. ft. Karl Bundesen of Century 21 represented the tenant and Josh Lindberg of Cushman & Wakefield represented Basin Street in the deal. Additionally, Keller Williams Realty, one of nation’s largest real estate franchise organizations, signed a four-year lease agreement at the business center and will occupy approximately 2,800 sq. ft. Eileen Morelli of Keller Williams provided representation for the company while Josh Lindberg represented Basin Street. Both leases will commence on January 1, 2010.
The Redwood Business Center features three, three-story Class “A” office buildings and two retail buildings, totaling approximately 250,000 sq. ft. and offers multiple amenities such as floor-to-ceiling windows, bike lockers and showers, key card access, and an energy management system. The Redwood Business Center is located on the prominent and visible Highway 101 corridor and is in walking distance to a number of restaurants and retail outlets.
Situated in Petaluma’s charming Theatre Square district, James B. Oliver Insurance signed a three-year lease for nearly 900 sq. ft., effective December 1, 2009. Josh Lindberg represented both the tenant and landlord in this deal. Will Bomar, the owner of Powell’s Sweet Shoppe in Petaluma, an existing Basin Street tenant, will open Moyo’s Frozen Yogurt. Bomar signed a five-year lease to occupy approximately 940 sq. ft., effective January 1, 2010.
Theatre Square is located immediately across from the Boulevard Cinemas in the heart of the Theatre District. The first floors consist of commercial space, while a portion of the second and third floors consist of 24,000 sq. ft. of office space and 56 apartments ranging in size from one to three bedrooms. The project is served by a 530-stall parking garage directly across the street, as well as on-street parking located along 2nd and C Streets and features a pedestrian-friendly environment, open-air plaza with café seating and fountain, and is in close proximity to the Petaluma River.
RBC Wealth Management, one of the nation's largest full-service securities firms, will take up occupancy at the Fountaingrove Executive Center. The company signed a nearly five and half year lease for 3,500 sq. ft. William Crowe of RBC Corporate Real Estate/CBRE represented RBC Wealth Management and Shawn Johnson and Danny Jones of Keegan & Coppin represented Basin Street. Additionally, Pisenti & Brinker, a certified public accountant and advisor firm, signed a five-year lease for approximately 6,050 sq. ft. Shawn Johnson represented both the tenant and landlord in this deal. Both leases will commence on February 1, 2010.
Fountaingrove Executive Center is conveniently located in one of Santa Rosa's most vibrant business areas and offers a distinctive, Class A office center. This prime location offers businesses scenic views of western hills to state-of-the-art facilities and first-rate amenities.
All Basin Street Properties tenants are eligible for corporate discounts at the Club One facility in the Redwood Business Center, as well as discounted rates at Basin Street-owned hotel properties throughout Northern California, and on residential units in downtown Petaluma.
Basin Street Properties 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 visit www.basin-street.com.
