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Basin Street Properties Grabs 17 Office Properties

SANTA ROSA, CA-The developer has purchased the portfolio and plans on making many renovations to the buildings.

By Miriam Lamey | Updated on October 11, 2012

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.

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