Press Releases
BASIN STREET PROPERTIES SIGNS PHONIC EAR
FOR 24,000 SQ. FT. AT 2090 LAKEVILLE BLVD.
Recent Deal Reflects Basin Street’s Continued Ability
to Provide
Strategic Solutions to Tenant Needs
PETALUMA, Calif., – January 11, 2007 – Basin Street Properties, a prominent Northern California and Northern Nevada developer of commercial and mixed-use properties, announced today that Phonic Ear will be the newest tenant to its eastside Petaluma office building at 2090 Lakeville Blvd. Phonic Ear develops and manufactures the FrontRow wireless technology, which helps capture student attention and raise test scores while protecting teacher vocal health.
"A tenant many years ago, we are excited to welcome back Phonic Ear," said Scott Stranzl, vice president of leasing. "This latest deal demonstrates Basin Street’s continued ability to provide solutions to tenant occupancy needs in the region."
Effective June 2007, Phonic Ear will lease 24,000 sq. ft. of commercial space for a six-year term. With the signing of this deal, 2090 Lakeville Blvd. now maintains a 100 percent occupancy rate.
According to Per Lund, executive vice president of Phonic Ear, "The Lakeville Blvd. property is the ideal location for Phonic Ear and our 80+ employees. The quality of this space will certainly showcase our company’s growth position in the marketplace. It was a pleasure working with the team at Basin Street, who were responsive and attentive to our specific short and long-term real estate needs."
Headquartered just north of San Francisco, FrontRow’s wireless technology has helped build more engaging learning environments since the mid-1960s. Since 2005, the company has focused on using active learning (sound field) technology to improve behavior, comprehension, and test scores for all children. It is the only ISO-registered and FDA-cleared supplier of active learning (sound field) technology in the market. Other company divisions supply hearing assistance technology for public facilities, tour usage, and home applications.
FrontRow is part of the William Demant Group, founded in 1904 as a hearing aid company. Listed on the Copenhagen Stock Exchange (WIDE.CO), William Demant comprises a group of international companies that develop, manufacture, and sell innovative and highly advanced technological solutions in the hearing healthcare and educational field. Through 45 Group companies located in over 20 countries, consolidated group sales exceeded US$750 million in 2005. For more information, please visit www.gofrontrow.com.
Basin Street Properties, headquartered in Petaluma, Calif., is one of Northern California's and Northern Nevada's prominent developers 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 707.795.4477 or visit www.basin-street.com.
