Press Releases
Basin Street Properties Signs Metrocities Mortgage as its Newest Tenant at California Center in Sacramento
SACRAMENTO, Calif. – Apr. 27, 2009 – Basin Street Properties (www.basin-street.com), a prominent Northern California and Northern Nevada real estate investor in commercial and mixed-use properties, has added Metrocities Mortgage as a new tenant to its 168,000 sq. ft. California Center business park. Metrocities Mortgage, a national direct residential mortgage lender, signed a two-year lease for approximately 2,500 sq. ft. of Class "A" office space, which was effective March 15.
"We are pleased to welcome Metrocities Mortgage to the roster of tenants at California Center," said Scott Stranzl, vice president of leasing at Basin Street Properties. "We're committed to providing a wide variety of real estate solutions and continue to focus on building improvements and meeting tenant needs. We are confidant that California Center's amenities and close proximity to major transportation routes will meet Metrocities' business requirements and expectations."
Metrocities Mortgage will join other marquee California Center tenants, such as Federal Express, Granite Land Company, Provident Funding, SRA International and the American Red Cross. Michael Stassi of CB Richard Ellis brokered the lease for Basin Street and Ali Nadimi of CB Richard Ellis represented Metrocities Mortgage.
California Center is located at 8950 Center Drive, conveniently adjacent to Highway 50 off Watt Avenue, which is a major thoroughfare and key connector to Highway 80. The corporate campus offers a health facility on site, a variety of retail options within walking distance and is in close proximity to the Light Rail station.
Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender based on unique loan programs and successful joint ventures (affiliated business arrangements) with key real estate companies, credit unions, financial advisor/business management companies, builders and other affinity groups. Loan Officers have access to over 7,000 loan programs and proprietary search engine technology enabling them to find the best loan products for their clients. As America's Best Relationship LenderSM, Metrocities Mortgage is renowned for its in-house lending expertise, wide selection of loan programs and Heroic Customer ServiceSM. To learn more, visit www.metrocitiesmtg.com..
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, hospitality 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.
