SAN FRANCISCO-Grubb & Ellis Co. has been selected by U.S. Bank to manage nearly 160,000 square feet of office space at Redwood Business Parks III and V in Petaluma, CA. Redwood Business Parks III and V include five properties located within close proximity to U.S. Route 101 and Petaluma Municipal Airport.
Located at 1301, 1310 and 1318 Redwood Way, Redwood Business Park III consists of three two-story office buildings offering a total of approximately 121,500 square feet of space. Tenants of the park include Isetta Data Communications, USDA Natural Resources, CSW/Stuber-Stroeh Engineering Group Inc., Wells Fargo Home Mortgage Divisional Office and Intelisys.
Grubb & Ellis tells GlobeSt.com that there were three other firms up for the management assignment.
Redwood Business Park V consists of one two-story office building offering 31,010 square feet of space and one single-story building offering 7,424 square feet of space. Force 10 Networks Inc., a technology company, fully occupies the larger building, located at 1415 McDowell Blvd. Kinder Care Learning Center fully occupies the smaller property located at 1485 McDowell Blvd.
David Ford, vice president, director of Management Services, will lead the property management efforts, assisted by Lesley Moore, portfolio manager, and Neila Gonzalez, assistant property manager. “We are excited to have won this assignment as we continue to grow our property management portfolio and look forward to utilizing our expertise and experience to aid U.S. Bank in reaching its real estate goals,” says Ford in a prepared statement.
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