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Basin Street Properties
Scott Stranzl
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(707) 795-4477

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Jen Klein
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Bay Area's Largest Luxury Charter Aviation Company Lands in Petaluma

Sunset Aviation Signs Lease in Basin Street Properties' Thriving Theatre District

PETALUMA, Calif., April 9, 2006 – Sunset Aviation, a leading Northern California aircraft charter and management company, will coast into Basin Street Properties' bustling Theatre District in downtown Petaluma, Calif., effective June 1, 2006. Signing a five-year lease with the North Bay's prominent developer of commercial and mixed-use properties in Sonoma, Marin and Napa counties, Sunset Aviation will consolidate its Novato and Santa Rosa offices into one strategic location in the Waterfront Office Building where it will occupy 5,000 sq. ft. of space as its new corporate headquarters.

"Sunset Aviation is a growing and successful company and we are thrilled that they will be a part of Petaluma's diverse business landscape," said Scott Stranzl, Basin Street's vice president of leasing. "The Waterfront Office Building is an ideal spot for Sunset Aviation's corporate headquarters as it offers a central location that provides accessibility to all Northern California airports, as well as ample space to serve the consolidation of its two offices."

Sunset Aviation's executive management team, flight scheduling dispatch, flight operations management, customer services, maintenance control and accounting departments will all operate out of the Waterfront Office Building, which is situated on the Petaluma River. The building is in close proximity to the downtown parking garage, cinema, as well as a number of restaurants and retail shops.

"We considered many spaces from Novato to Santa Rosa, and it came down to Basin Street Properties' approach to lease negotiation," said Dan Drohan, president and CEO of Sunset Aviation. "As a native Petaluma resident, I've watched Basin Street transform the downtown area and have been very impressed by the project and the benefits it is bringing to the community. We are thrilled to be strategically located in the Waterfront Office Building and to be a part of the region's continued growth."

Sunset Aviation commands the largest fleet of Beechjets west of the Mississippi and manages and operates more than 30 aircraft based from the Novato (DVO), Santa Rosa (STS), Concord (CCR) and Sacramento (SAC) airports. The company provides air charter throughout the U.S., Canada and Mexico, acquisition and management services for corporate aircraft, and maintenance services. Additionally, Sunset Aviation has expanded its services to offer human-organ transport – devoting at least one flight per day to shuttle surgeons, doctors, and organs. For additional information on the company, visit www.sunsetaviation.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 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 located in Petaluma, Calif. and is one of Northern California's prominent developers and managers of commercial properties. 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.