Press Releases
Basin Street Properties Continues Strong Leasing Activity
Granite Construction, Inc. expands and NCS Pearson, Inc. joins tenant roster at
California Center in Sacramento
SACRAMENTO – June 8, 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 signed Granite Construction, Inc. and NCS Pearson, Inc. to five-and-a-half-year lease agreements at its 168,000 sq. ft. Class “A” California Center business park. Granite Construction, Inc., one of the nation's largest diversified heavy civil contractors and construction materials producers, will expand to occupy 21,266 sq. ft. and NCS Pearson, Inc. an international education and information company, will occupy approximately 2,500 sq. ft. of space. Both leases commenced on June 1.
"As Basin Street continues to experience an uptick in leasing activity, we’d like to welcome NCS Pearson to the roster of tenants at California Center and we are pleased to see that Granite Construction is expanding despite economic conditions," said Scott Stranzl, vice president of leasing at Basin Street Properties. “Rent pricing tends to fluctuate during a down economy. It presents opportunities for businesses to look at their real estate options and take advantage of the various benefits offered, which we are seeing. California Center offers tenants excellent amenities and is located near major transportation routes, ensuring that NCS Pearson and Granite Construction’s business requirements and expectations will be met."
Other marquee California Center tenants include Metrocities Mortgage, Federal Express, Provident Funding, SRA International and the American Red Cross. The Granite Construction lease deal was brokered by Craig Brinitzer of Cornish & Carey on behalf of Granite and Stranzl represented Basin Street. The NCS Pearson lease deal was handled by Ali Nadimi of CB Richard Ellis on behalf of NCS Pearson and Basin Street was represented by Ed Overman of CB Richard Ellis.
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.
Basin Street Properties, headquartered in Petaluma, Calif., is one of Northern 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 visit www.basin-street.com.
