PETALUMA, CA-On the heels of revealing a 100% occupancy at Fountaingrove Executive Center in Santa Rosa, CA, Basin Street Properties has signed brand presence management company Brandle Inc. to its Waterfront Office Building in Petaluma's Theatre District. And according to Brandle Inc., the Petaluma area is a tech hub.
According to founder and CEO, Chip Roberson, “The choice to house the Brandle offices in Petaluma was certainly an intentional one.” He says that “The area continues to be seen as the tech hub of the North Bay and provides the lifestyle we were seeking, while still allowing easy access to San Francisco and beyond.”
Another factor for the lease is due to the firm's relationship with Basin Street. “We're also very excited about the various amenities that come with working with Basin Street.”
One such amenity he is referring to is 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.
“Basin Street has a rich history of bringing technology companies, most recently Enphase Energy, to the North Bay and working with them through substantial growth,” explains Scott Stranzl, vice president of leasing for Basin Street Properties, in a prepared statement. “Petaluma really is the ideal location for companies when it comes to employment opportunities, as well as lifestyle.”
Brandle signed a 2,200-square-foot lease for a three-year term at the Waterfront Office Building. The Waterfront Office Building is a three-story, 50,755-square-foot class A office building located in the vibrant downtown Petaluma Theatre District. The building boasts convenient access to Highway 101, free and abundant parking, on-site lockers and showers and is adjacent to the Petaluma River, according to a release.
Basin Street is represented by Tony Sarno and Sean Heaton of Cushman & Wakefield in leasing the Waterfront Office Building.
Basin Street tells GlobeSt.com that the building is currently 78% occupied and that the lease value of the space is $200,000.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
