SANTA ROSA, CA-Basin Street Properties has achieved 100% occupancy at its Fountaingrove Executive Center here thanks to a recent lease from Wells Fargo Advisors. The building is one of the 17 properties in Santa Rosa acquired from Equity Office Properties last year for $70 million, all of which had been previously owned, managed or developed by Basin Street.
Wells Fargo Advisors signed a lease for an approximately seven-and-a-half year term. They were represented by Dennis Plehn of Newmark Grubb Knight Frank in the transaction.
“Our new office space at the Fountaingrove Executive Center allows us to accommodate the growth we have experienced over the past few years, and more importantly gives us the capacity to bring on additional brokers,” explains branch manager Kevin Jaggie. “Basin Street has been very cooperative to our needs, including building more private office spaces for our brokers. It's great that the building is so visible from the freeway, and I know all our employees are excited about this brand new space and opportunity.”
Scott Stranzl, vice president of leasing for Basin Street Properties, explains that “By adding these 17 buildings back into our portfolio, we have been able to offer local businesses quality real estate options to meet their goals and allow them to stay in the vibrant North Bay community. Achieving 100% occupancy is a testament to the quality of Basin Street's properties and client service, as well as the strengthening economy here.”
Other properties that were part of that portfolio included:
- The Fountaingrove Center: Three buildings totaling 161,055 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
Fountaingrove Executive Center is a 37,428 square foot office building located in the Fountaingrove submarket, overlooking the city of Santa Rosa. It boasts excellent visibility from Highway 101, ample parking and is located 10 minutes from Sonoma County Airport, according to a statement. Basin Street is represented by Jeff Negri and Niels von Doepp of Cassidy Turley in leasing Fountaingrove Executive Center.
Wells Fargo Advisors will be eligible to participate in the Basin Street's Tenant Advantage Program that was launched last year. The program offers exclusive discounts and promotions – typically 10% to 20% off retail goods and services – within Basin Street's retail, residential and hospitality properties, as well as at partnering businesses. There is no cost to participate in TAP and the program extends to all tenants and retailers where the company owns property.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
