Press Releases
Basin Street Properties Expands Tenant Roster at Premier Redwood Business Center
Berkley Risk Administrators Company/Riverport Insurance Company, Progressive Casualty Insurance Company and Dr. Paul F. Campion to Take Occupancy in Class "A" Office Complex
PETALUMA, Calif., July 8, 2009 – Basin Street Properties (www.basin-street.com), a prominent Northern California and Northern Nevada real estate investor of commercial and mixed-use properties, has landed three new tenants at its premier Redwood Business Park office complex. Berkley Risk Administrators Company/Riverport Insurance Company, (www.berkleyrisk.com), Progressive Casualty Insurance Company (www.progressive.com) and Dr. Paul F. Campion will occupy approximately 10,000 sq. ft. of office space combined at 1383 N. McDowell Blvd. in Petaluma, Calif. All three leases will commence on Oct. 1, 2009.
"We are pleased with the pace of leasing activity at the Redwood Business Center. In the past 12 months, we have secured such premier tenants as Club One and Glass Mountain Capital and now, Berkley Risk, Progressive Insurance and Dr. Campion", said Scott Stranzl, vice president of leasing for Basin Street Properties. "These latest deals demonstrate that in light of current economic conditions, tenants are still in the market for quality real estate options in fantastic locations – and the Redwood Business Center delivers just that. We remain committed to working with tenants to provide creative solutions that meet their specific real estate needs."
The Redwood Business Center features three, three-story Class "A" office buildings and two retail buildings, totaling approximately 250,000 sq. ft. and offers multiple amenities such as floor-to-ceiling windows, bike lockers and showers, key card access, and an energy management system. Additionally, all Redwood Business Center tenants are eligible for corporate discounts at the Club One facility, as well as discounted rates at Basin Street-owned hotel properties throughout Northern California, and on residential units in downtown Petaluma. The Redwood Business Center is located on the prominent and visible Highway 101 corridor (situated at the corner of Old Redwood Highway and North McDowell Boulevard) and is in walking distance to more than one million square feet of restaurant and retail space.
Berkley Risk Administrators Company/Riverport Insurance Company, a nationwide provider of integrated risk management services, signed a five-year lease agreement and will occupy approximately 3,100 sq. ft. Tom Braman of Braman & Associates represented Berkley Risk and Josh Lindberg of Cushman & Wakefield represented Basin Street.
Progressive Casualty Insurance Company, ne of the country's largest auto insurance groups, signed a five-year lease agreement and will occupy about 4,150 sq. ft. Lindberg represented both Progressive and Basin Street.
Dr. Paul Campion, ophthalmologist, signed a six-year lease agreement and will occupy approximately 2,000 sq. ft. Brian Foster of NAI BT Commercial represented both Dr. Paul Campion and Basin Street.
Dr. Paul Campion ophthalmologist, signed a six-year lease agreement and will occupy approximately 2,000 sq. ft. Brian Foster of NAI BT Commercial represented both Dr. Paul Campion and Basin Street.
Basin Street Properties, hs 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 visit www.basin-street.com.
