Basin Street Closes on Santa Rosa Purchase

Coming on the heels of a major expansion push into Napa, Basin Street Properties, a leading North Bay developer of commercial and mixed-use properties in Sonoma, Marin and Napa counties, has expanded its portfolio with the purchase of five buildings totaling 136,000 sq. ft. in Santa Rosa. Current tenants include the County of Sonoma, Kelsey Richardson and Amy’s Kitchen.

Petaluma-based Basin Street Properties purchased the five buildings from Insignia for an undisclosed amount.

The deal brings Basin Street Properties’ total portfolio to approximately 1.7 million sq. ft. and follows the company’s recent acquisition of the 150,000-sq.-ft. Napa Airport Centre.

“This is an exciting time for us, particularly considering the general state of the economy and real estate market,” said Matt White, president of Basin Street Properties. “This acquisition, along with our recent Napa purchase, is a testament to our commitment to the North Bay and our ability to meet the needs of a growing and diverse range of tenants.”

Said Basin Street Vice President Scott Stranzl, “The southwest region of Santa Rosa is an ideal growth area for a number of reasons, such as its central location and growing population base. “Adding these buildings to our existing properties in Santa Rosa, including Oak Valley Business Park, provide us with a unique and advantageous position in offering our tenants choices.”

Calabasas-based ValleyCrest Cos., the nation's largest privately held landscape services firm has acquired the Impact Group, a landscape maintenance company headquartered in Delray Beach, Fla. Financial terms were not disclosed.

The acquisition of the Impact Group broadens ValleyCrest’s existing southeast Florida operations and landscape services capabilities in Dade, Broward and Palm Beach counties. Under terms of the agreement, the Impact Group will operate as ValleyCrest Landscape Maintenance.

“We share a common commitment to responsive customer service and a similar approach to delivering quality landscape maintenance,” said Richard A. Sperber, ValleyCrest president. “As a national company, we bring technical expertise, resources and depth of experience to an already outstanding organization.”

Co-founded by Ray Keenan in 1990, the Impact Group provides landscape maintenance services for a broad range of commercial customers including property management companies, office parks and homeowner associations.

“Although the landscape maintenance industry is still fragmented following the roll-up activities of the late ‘90s, we believe the opportunities for strategic acquisitions remain strong,” Sperber said.
Founded in 1949, ValleyCrest Cos. employs a workforce of more than 7,500, with sales in excess of $600 million.