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May 12, 2008
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BAY AREA NEWS
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Basin Street Inks Trio of Petaluma Leases

4/10/08

Three companies have inked recent leases in the NoCal town of Petaluma, all at properties owned by Basin Street Properties, a more than 30-year-old real estate developer/owner based out of Petaluma. In these latest transactions, Enphase Energy Inc agreed to a 9.7k sf expansion in the Waterfront Office Building, Chocolat MedSpa leased 2.2k sf. at Basin Street Landing, and Spawnpoint took 1.1k sf at the Golden Eagle Shopping Center.

“These recent lease deals underscore downtown Petaluma’s growth and, at Basin Street, we are pleased to offer tenants a number of diverse real estate options,” said Scott Stranzl, Vice President of leasing for Basin Street Properties. “The North Bay continues to attract and retain quality businesses and we anticipate a number of additional office deals to take place in the coming months. With this in mind, we will provide real estate solutions that cater to the respective needs of each new tenant.”

Enphase Energy Inc, a company that provides solar energy management systems for residential and commercial markets, has signed a five-year lease, to commence on May 1, 2008 at Waterfront Office Building, a three-story, 50.8k sf Class A office building located in the downtown Petaluma Theatre District.

Chocolat MedSpa offers medical and day spa services and sales, medical weight management and therapeutic massage. The spa signed a three-year lease that went into effect on Mar. 15, 2008, at Basin Street Landing, a 70.3k sf, three-story mixed use project located in the heart of the Theatre District.

Spawnpoint, a rental provider of computers and network equipment, signed a five-year lease, to commence May 1, 2008, at Golden Eagle Shopping Center, a 69.6k sf development located in the heart of Petaluma.




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