Santa Rosa, CA – Basin Street Properties, a prominent Northern California real estate investor and developer of commercial and mixed-use properties, has signed a lease with Praxis Capital, LLC for 1,926 square feet in its Fountaingrove Center in Santa Rosa, announced Scott Stranzl, Vice President of Leasing for Basin Street Properties. Praxis Capital is a real estate private equity investment firm that helps clients build wealth through quality real estate investments.
“Praxis Capital offers a unique investment approach in real estate,” said Stranzl. “Being in the real estate industry ourselves, we are excited to have a tenant like Praxis Capital and see the value they bring to the market by offering their clients strategic, out-of-the-box investment opportunities.” Shawn Johnson of Keegan & Coppin represented both Praxis Capital and Basin Street Properties in the transaction.
Founded in 2009 by Brian Burke, Chris Peterson and Eric Peterson, Praxis Capital serves high net worth individuals and family offices. The firm’s eight employees help client’s diversify their portfolios through single family and multi-family real estate investments that are geared towards delivering high risk-adjusted rates of return. Principals at Praxis Capital have over $1 billion in transactional experience, including the acquisition of underperforming real estate assets that can be transformed through a value-add approach.
“Our new space in Fountaingrove is strategically located near all of the services that we utilize and the wine country views are amazing,” shared Brian Burke, co-founder of Praxis Capital. “Our goal was to reflect our upscale image and of course, location, location, location was a major factor.” Praxis Capital is already up and running in the Fountaingrove Center.
3550, 3554 and 3558 Round Barn Boulevard, collectively known as Fountaingrove Center, are situated in Santa Rosa’s premier office location overlooking the prestigious Fountaingrove submarket with convenient access to Highway 101 and located ten minutes from Sonoma County Airport.
About Praxis Capital: Praxis Capital is a real estate private equity investment firm. Their team consists of an experienced cadre of real estate and finance professionals with proven skills to help facilitate the entire spectrum of real estate investments for our investors. Our core group brings over 100 years of combined real estate experience with over $1 Billion in transactional experience. Expertise at Praxis includes strategic property research and identification, due diligence and acquisition, finance, planning and entitlement, project management, property management oversight and disposition. For more information, contact Brian Burke, 707-541-0570 or go to www.PraxCap.com.
About Basin Street Properties: Basin Street Properties, headquartered in Reno, NV, is one of Northern California’s and Northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail and mixed-use developments. Founded 40 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, contact Scott Stranzl, Vice President of Leasing, 775-954-2900, firstname.lastname@example.org or visit www.basin-street.com.