VIP Petcare Services, a 14-year-old mobile pet vaccination service, purchased the 20,000-square-foot home of diesel-engine innovator NAK Engineering near Sonoma County Airport.
Windsor-based VIP Petcare (www.happypet.com) plans to quadruple the size of its facility in a move late this year from 10342 Old Redwood Highway, according to spokesman Devan Paddock.
"We've outgrown this location a while ago," he said. "The business is expanding, even with the collapse of the economy, as a low-cost vet alternative."
Will Santana and Ken Pecoraro started VIP Petcare in January 1995 as a provider of mobile vaccination clinics at pet and feed stores in the Bay Area.
The company now offers dog and cat shots, insertion of microchip identification devices, blood and fecal analyses, and treatment for fleas, ticks, ear mites and worms at stores and animal shelters. Each month VIP Petcare's veterinarians hold more than 200 on-site clinics and treat 8,000-plus pets throughout Northern California.
Skylane Properties LLC, operated by the founders of NAK, sold the single-story concrete tiltup flex-space building at 5813 Skylane Blvd. on June 23 to SSMP Properties LLC, operated by Mr. Pecoraro. Skylane Properties purchased the building in 2003 from Lafranchi Development, which built it.
The sale price was $2.2 million, or about $110 a square foot, according to Vic Shellenberg of Keegan & Coppin/Oncor International. He represented the seller, and Ron Reinking of Orion Partners represented SSMP.
The property was on the market for only two months and sold after an escrow of about that long, according to Mr. Shellenberg.
"It was the type of property and location that fit the buyer's need and profile," he said.
Basin Street Properties has inked another 10,000 square feet of deals in the first office building in Redwood Business Center. Leases for the three new tenants in the 58,000-square-foot class A building at 1383 N. McDowell Blvd. are set to start in October.
Riverport Insurance Co., part of property-casualty insurance carrier W.R. Berkley Corp., signed a five-year lease for 3,100 square feet. Minneapolis-based Riverport (www.riverportinsurance.com) specializes in human services, governments, schools, self-insured entities, associations and purchasing groups.
Started in 1989, Riverport came into its current form in 2004, when Nonprofits Insurance Co. merged with Riverport Insurance Co. of California. Its western region office is located in Novato.
Large national auto insurer Progressive Casualty Insurance Co. (www.progressive.com) inked a five-year lease for 4,150 square feet at Redwood Business Center.
Board-certified ophthalmologist Paul Campion (www.paulfcampionmd.com) signed a six-year lease for 2,000 square feet. Dr. Campion set up his private practice in Petaluma in 1988 and currently is in a medical office building at 1456 Professional Dr. next to Petaluma Valley Hospital.
Tom Braman of Braman & Associates represented Riverport in its lease deal, and Josh Lindberg of Cushman & Wakefield represented Basin Street. Mr. Lindberg represented both Progressive and Basin Street. Brian Foster of NAI BT Commercial represented both Dr. Paul Campion and Basin Street.
Basin Street has signed leases with Cyan Optics and Glass Mountain Capital in the building and completed the Club One fitness center in a second building in Redwood Business Center.