Press Releases
Basin Street Properties' New Redwood Business Center Signs Glass Mountain Capital to its Tenant Roster
Financial Services Company to Occupy the Newest and
Most Modern Commercial Space in Petaluma
PETALUMA, Calif., January 28, 2008 – Basin Street Properties, a prominent Northern California and Northern Nevada real estate investor of commercial and mixed-use properties, has signed Glass Mountain Capital to its newly constructed Class “A” Redwood Business Center at 1383 N. McDowell Blvd. in Petaluma, Calif. The financial services company will occupy 3,355 square feet, effective March 2008.
Once complete, Redwood Business Center will be comprised of four separate three-story buildings totaling 254,000 square feet. The first building, currently the newest and most modern office structure in Petaluma, is comprised of 56,000 square feet and offers floor-to-ceiling windows, bike lockers and showers, key card access, and an energy management system, to name a few. Located on a prominent and visible Highway 101 corridor, Redwood Business Center is situated on the corner of Old Redwood Hwy and North McDowell Blvd.
“Redwood Business Center has been receiving very strong interest from both small and large companies who are drawn to its Class “A” amenities and convenient location. The complex is within walking distance of more than one million square feet of restaurant and retail space,” said Scott Stranzl, vice president of leasing for Basin Street Properties. “We have a long history of signing quality tenants, such as Glass Mountain Capital, and are excited to see this continue into 2008.”
“This is an expansion move for us,” said Lee Brockett, managing director of Glass Mountain Capital. “Our new space will be four times larger than our current location enabling us to achieve our growth goals. Basin Street Properties has been incredibly flexible, professional and accommodating, which has made this process extremely smooth. We look forward to thriving in our new space.”
Glass Mountain Capital, headquartered in Petaluma, Calif., buys, sells and collects upon distressed consumer assets. GMC’s experienced management team combines technology, creativity and motivated employees to construct client-driven recovery solutions. GMC meets the needs of creditors, health care providers and any other type of institution that accumulates past due receivables by buying their debt outright or working it on a contingency basis.
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.
