Basin Street Properties’ Capitol Oaks Office Building 100% Leased

Feb. 11, 2010 - PRLog -- SACRAMENTO, CALIF. – Feb. 11, 2010 – Basin Street Properties (www.basin-street.com), a prominent Northern Nevada and Northern California real estate investor of commercial and mixed-use properties, has secured full occupancy at its Capitol Oaks Office Building, located at 2535 Capitol Oaks Drive, with the addition of KB Homes and the expansion of the Department of Social Services.  KB Homes has leased 5,600 square feet of office space for two years while the Department of Social Services increased its existing space for a total of approximately 6,556 square feet for the next three years.  

“Securing full occupancy at Capitol Oaks is a great way to start off 2010,” said Scott Stranzl, vice president of leasing for Basin Street Properties.  “Although forecasts suggest a continued sluggish commercial real estate market, particularly in the Sacramento region, we are proud to be bucking that trend.  Reaching full occupancy at Capitol Oaks emphasizes our ability to attract and retain tenants by offering superior quality, a desirable location and an array of amenities.”

Capitol Oaks is adjacent to Highway 5 in the South Natomas sub-market, and is conveniently located near the Natomas Racquetball Club, a number of walking trails, and the riverwalk. The building features an on-site health facility and basketball courts, and capital improvements include HVAC, lobby, corridor and signage upgrades.

Other companies located in the 89,764 sq. ft. building include: Department of General Services/Real Estate Office of Integrated Services; Department of Consumer Affairs – Shorthand Reporters; Department of General Services Consumer Affairs - Engineers; Department of Consumer Affairs – Medical Board; Department of Consumer Affairs – Vocational Nurses; Department of Social Services, Community Care Licensing; and the Office of Chapter 13 U.S. Trustee.

Basin Street’s Northern California property offerings total more than 1.1 million square feet.

In addition to Capitol Oaks, Basin Street’s Northern California portfolio includes:  California Center (Sacramento); Petaluma Marina Business Center; Napa Valley Gateway; Basin Street Landing; Redwood Business Center; Theatre District; Fountaingrove Executive Center; Harvest Business Center and the Oak Valley Business Center.  

Broker Information:

Michael Stassi of CB Richard Ellis represented Basin Street and Devon Atlee of Cornish & Carey represented the Department of Social Services. Stassi also represented KB Homes and Basin Street in the deal.

About Basin Street Properties

Basin Street Properties is one of Northern Nevada’s and Northern California’s prominent developers, investors and managers of commercial properties.  Basin Street has become widely recognized for its office, retail and mixed use developments.  Founded more than 30 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition.  For more information, visit www.basin-street.com.