St. Joseph Health System
-- Sonoma County has leased 15,200sf in southwest Santa Rosa
for about 65 support employees for Santa Rosa Memorial Hospital,
Petaluma Valley Hospital, St. Joseph Urgent Care Centers,
Memorial Hospice, Hospice of Petaluma, and St. Joseph Home
Care Network. The move is slated for July 1.
St. Joseph has taken the remaining space left by National
Bank of the Redwoods at Basin Street Properties' The Lakes
office development on Sebastopol Road at Corporate Center
Parkway. The health care provider will move elements of its
transcription, contracting, decision support, compliance,
community benefits, marketing, and foundation departments
from about the same amount of space in The Terrace in downtown
Santa Rosa. The lease there was expiring, and the new space
is more efficient, according to the health system.
Shawn Johnson of Keegan & Coppin represented Basin Street
in the lease deal. Joel Jaman, also of Keegan & Coppin,
represented St. Joseph.
***
Interest in retail remains hot. A subsidiary of Danville-based
real estate investor Nearon Enterprises has acquired the 85,340sf
Burlington Coat Factory building and nearly nine acres of
land at One Rohnert Park Expressway. Nearon subsidiary 311
Rohnert Park Holdings, LLC plans to build on existing retail
pads on the property.
Terms of the deal with Rhode Island-based SW Rohnert, LLC
weren't disclosed. Paul Gonzalez of BT Commercial
Real Estate brokered the deal.
Marin County has been enjoying brisk retail real estate activity,
too. The University of California is set to sell Strawberry
Village Shopping Center near Mill Valley this month. That
transaction has attracted some three-dozen suitors, who have
bid up the price for the 155,000sf center fronting U.S. 101
reportedly as high as $70 million.
Earlier this year, Inland Western Retail Real Estate Trust
picked up Larkspur Landing Shopping Center for about $61 million.
Retail vacancy has been hovering between 2% and 5% along
the U.S. 101 corridor, according to Keegan & Coppin•ONCOR
International and Terranomics. Industry insiders credit high
household incomes and political resistance to significant
development for keeping retail vacancy so low.
But more space is coming. The new owner of Strawberry Village,
rumored to be a Jones Lang LaSalle subsidiary, will have plans
in hand for adding 20,000sf in new buildings. Regency Centers
intends to build a regional mall on the fairgrounds in Petaluma.
And walls are being tilted at the Kohl's-anchored mall on
the former Petaluma Theaters site. Newman Development Group
is closing escrow on land for a Lowe's home improvement store
in west Cotati.
***
Petaluma's Community Development Department has taken a further
step into the 21st century, expanding access to its computerized
document management system. Now, building inspectors can submit
inspection results from laptop computers at job sites. That
capability, combined with greater public access to permit
and project information via the Internet, will enable the
local building industry to spend more time on the job instead
of slogging through traffic to and from the department offices.
Santa Rosa also uses Accela's VelocityHall public access
information system and has pursued wireless reporting systems
for field personnel.
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