PETALUMA, CA-Basin Street Properties is adding a 57,000-square-foot class A facility to its Redwood Business Center, and has inked telecommunications company Cyan Inc. to be the anchor tenant. The new office building, said to be the first to be built in Sonoma County in several years, will mirror an adjacent identical building, of which Cyan already occupies 27,000 square feet.
Basin Street Properties will break ground on the facility in mid-October with completion planned for summer 2014. “Having worked with Cyan since its infancy and over the past seven years, we are deeply familiar with the company's culture and real estate needs,” says Scott Stranzl, vice president of leasing for Basin Street Properties. “Cyan has experienced tremendous growth in recent years, and while they could have sought out a new space anywhere, were committed to staying local and partnering with us on this new class-A facility.”
Cyan is a leading provider of software-defined networking and packet-optical solutions for network operators, serving carriers, enterprises, governments, and data centers globally. Enabling network transformation, the company's software-defined network solutions deliver orchestration, visualization, and scale to networks that until now have been static and hardware-driven. Launched in 2006, the company completed its initial public offering in May 2013.
“Cyan is quickly outgrowing its current Petaluma facility and considering our long-standing relationship with Basin Street Properties, expanding into this new space made great sense to us,” says Rick Johnston, co-founder and vice president of business operations at Cyan. “Petaluma provides a strong technology talent pool and a great quality of life for our employee-base. We are excited that this community will continue to be a critical part of our development and growth.”
Cyan will occupy two out of three stories in the new office building, which will be connected to the adjacent building by a glass enclosed bridge linking the third floors, facilitating convenient collaboration for employees.
The Redwood Business Center is located on the prominent and visible Highway 101 corridor and is in walking distance to a number of restaurants and retailers. As GlobeSt.com reported in June of this year, some firms see Petaluma as the tech hub of the North Bay.
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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.
