First California Mortgage Co. expands offices into Basin Street Properties’ Sequoia Center in Petaluma
Petaluma, CA (October 1, 2015) – Basin Street Properties, a prominent Northern California real estate investor and developer, has signed a lease with First California Mortgage Co. (First Cal) for 24,000 square feet in its Sequoia Center, 1400 N. McDowell in Petaluma. First Cal is a full-service home mortgage lender whose family-run roots instill a personalized approach to its commitment of offering the best loans and customer service in the industry.
“First Cal’s expansion is another great example of the growing Petaluma economy,” said Scott Stranzl, Vice President of Leasing for Basin Street Properties. “And it reinforces our belief that the Petaluma area provides a hard to beat combination of reasonable rents, an attractive employee base and an affordable cost of living.” First Cal plans to move its headquarters operations into the new space by year end, from its current location at 1435 N. McDowell.
“We’re pleased to be able to accommodate our growth in Petaluma, which has been First Cal’s home for so many years,” said First Cal CEO Chris Hart. “Sequoia Center provided opportunity to access modernized office space that’s more efficient for our operations and offers optimal work conditions for our staff.”
Sequoia Center at Redwood Business Park consists of one 4-story and two 3-story Class A office buildings totaling 210,000 square feet. The Center offers a campus-like setting around a landscaped pond with beautiful walking paths. The location provides convenient access to Highway 101, free and abundant parking. Tenants can enjoy on-site volleyball, sports courts and picnic area with BBQs. It is immediately adjacent to Plaza North Shopping Center with multiple amenities including restaurants, Starbucks, a health club, entertainment and other services. Representing Basin Street Properties was Brian Foster of DTZ while First Cal was represented by Rick Sherburne and Bob Taylor of CBRE.
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 Mike Williams, Vice President of Marketing, 775-954-2900, firstname.lastname@example.org or visit basin-street.com.
About First Cal: Founded in 1977, First California Mortgage Company (First Cal) is a full-service home mortgage lender whose family-run roots instill a personalized approach to its commitment of offering the best loans and customer service in the industry. First Cal, NMLS #24055, is an approved seller-servicer with Fannie Mae and Freddie Mac, and an approved I&II issuer with Ginnie Mae. Based in Petaluma, Calif. and active in more than 20 states, First Cal is ranked as a Top 100 lender by Mortgage Executive Magazine. Its innovative Diamond Lane™ service for qualified borrowers enables closing within 21 to 25 days, sometimes faster. For more information on First Cal and its loan products, call 855-592-LOAN or visit us at www.FirstCal.net.