Press Releases
State Department of General Services/Real Estate Office of Integrated Services More Than Doubles Occupancy at Basin Street Properties’ Capitol Oaks Office Building
State Agency Expands Space by Approximately 9,100 sq. ft. in Less Than One Year
Santa Rosa, Calif. — April 15, 2009 – Basin Street Properties, a prominent Northern California and Northern Nevada real estate investor of commercial and mixed-use properties, has signed an expansion lease deal with the California State Department of General Services/Real Estate Office of Integrated Services to more than double its existing space by an additional 9,137 sq. ft., for a total of approximately 13,208 sq. ft., at 2535 Capitol Oaks Drive. The state agency has been a tenant at Basin Street’s high profile Capitol Oaks building since September 2008 and will occupy the space in May 2009.
“We are pleased to accommodate the California Department of General Services/Real Estate Office of Integrated Services’ ongoing real estate needs,” said Scott Stranzl, vice president of leasing for Basin Street Properties. “The Capitol Oaks building has been an ideal location for the Department of General Services with its close proximity to the state capitol and associated constituents. With our continued focus on building improvements and our commitment to meeting tenant needs, we look forward to exceeding the agency’s expectations for years to come.”
Capitol Oaks is adjacent to Highway 5 in the South Natomas sub-market, and is conveniently located near 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 capital improvements include HVAC, lobby, corridor and signage upgrades.
Other companies located in the 89,528 sq. ft. building are 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.
Scott Bennett and Jason Rutherford of Grubb & Ellis represented Basin Street Properties and Devon Atlee of Cornish & Carey 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.
