Basin Street Properties Grabs 17 Office Properties

SANTA ROSA,CA-Basin Street Properties has been on a shopping spree and picked up 17 office properties for approximately $70 million. The portfolio includes the following:

• The Fountaingrove Center (pictured): Three buildings totaling 161,055 square feet.
• Fountaingrove Executive Center: One building at 37,428 square feet.
• Oak Valley Business Center: Three buildings at 131,725 square feet.
• Airport Corporate Center or 3850 & 3880 Brickway Blvd: Two buildings covering 128,540 square feet.
• The Lakes: Five buildings spanning 140,645 square feet.
• Waterfall Towers: Three buildings over 95,056 square feet.

 According to a company release, the plan is to invest in these office properties to make upgrades across the board. Currently, the portfolio is 77% leased. The developer is looking into increasing occupancy and has been in talks with tenants there.