Press Releases
Basin Street Properties Signs and Expands Tenant Deals Throughout its Downtown Petaluma Properties
Chocolat MedSpa, Enphase Energy Inc. and Spawnpoint
to Occupy More than 12,000 Sq. Ft. of Office and Retail Space
PETALUMA, Calif., April 7, 2008 – Basin Street Properties, a prominent Northern California and Northern Nevada real
estate investor of commercial and mixed-use properties, has signed three new and existing tenants throughout its Petaluma properties.
Enphase Energy, Inc. will expand to 9,727 sq. ft. in the Waterfront Office Building, Chocolat MedSpa has taken occupancy of 2,156 sq.
ft. at Basin Street Landing, and Spawnpoint will occupy 1,100 sq. ft. at the Golden Eagle Shopping Center.
"These recent lease deals underscore downtown Petaluma's growth and, at Basin Street, we are pleased to offer tenants a number
of diverse real estate options," said Scott Stranzl, vice president of leasing for Basin Street Properties. "The North Bay continues
to attract and retain quality businesses and we anticipate a number of additional office deals to take place in the coming months.
With this in mind, we will provide real estate solutions that cater to the respective needs of each new tenant."
Enphase Energy Inc., a company that provides solar energy management systems for residential and commercial
markets, has signed a five year lease, to commence on May 1, 2008 at Waterfront Office Building, a three-story, 50,755 square foot
Class A office building located in the downtown Petaluma Theatre District.
"This is an expansion move for us," said President and CEO of Enphase Energy Inc., Paul Nuhi. "We've been occupying a smaller
space within the Waterfront Office Building and have really enjoyed the location in downtown Petaluma where there are several great
restaurants and shops nearby. The building is comfortable, well maintained and outfitted with modern amenities. It's a great fit
for our company. Basin Street Properties has been a terrific landlord and we are very pleased to remain their tenant for another
five years."
Chocolat MedSpa offers medical and day spa services and sales, medical weight management and therapeutic massage.
The spa signed a three-year lease that went into effect on Mar. 15, 2008, at Basin Street Landing, a 70,265 square foot, three-story
mixed use project located in the heart of the Theatre District.
Spawnpoint a rental provider of computers and network equipment, signed a five year lease, to commence May 1,
2008, at Golden Eagle Shopping Center, a 69,639 square foot development located in the heart of Petaluma.
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.
