Scott labs to expand; also: Basin Street adds new tenantsWorkrite Ergonomics, which makes high-end accessories intended to help office workers be more productive, is itself looking to become more efficient with a move of its headquarters to another south Petaluma location this summer.
In the second-largest Sonoma County lease so far this year, Workrite signed a 10-year lease for nearly 90,000 square feet of "more efficient" space at 2277 Pine View Way, according to Steven Leonard of Cassidy Turley BT Commercial. He and Trevor Buck of the same brokerage handled the deal for building owner LBA Realty of Irvine and the tenant.
[caption id="attachment_33804" align="alignleft" width="360" caption="Workrite Ergonomics plans to move this summer to this south Petaluma building. (Cassidy Turley BT Commercial photo)"][/caption]
Workrite has been in 124,000 square feet at 1450 Technology Way in south Petaluma since 2001, when the building was completed to facilitate the company's move from Novato. Workrite started in 1991 and in 2009 was ranked No. 8 in the U.S. for computer support tools by design professional magazine "Contract."
Workrite was acquired in July 2007 by Grand Rapids, Mich.-based Knape & Vogt, an office accessories and ergonomics company. It was acquired by private-equity firm Wind Point Partners in mid-2006.
In a pending deal to make the Workrite relocation work, existing 2277 Pine View tenant Scott Laboratories would be relocated to another side of the building and expanded from 15,000 to 33,000 square feet, according to Mr. Leonard. Seventy-five employee Scott Labs is wine and beverage industry analytics and fermentation supply company whose headquarters are across the street.
The two deals would fill up the 120,000-square-foot warehouse and distribution building at 2277 Pine View.
Basin Street Properties has wasted little time bringing in additional tenants occupying more than 11,000 square feet in two of the four Redwood Business Park buildings it re-acquired in Petaluma in March.
The largest newcomer is Gluing Machinery & Systems Inc., signing a 10-year lease for 10,600 square feet at 130 Redwood Way. The nine-employee maker of automated gluing applications plans to move in August from about 8,000 square feet next door at 1373 N. McDowell Blvd., one of more than a dozen Petaluma commercial buildings owned by Equity Office Properties that went back to lenders last year.
“We were feeling growing pains in our current space and were trying to lease more space when the bank foreclosed on the building,” company co-owner John McArdle said. Negotiations with the lender did not progress, he said.
Basin Street offered the company a place to grow and had a tentative deal in place as part of the close of escrow, according to Vice President Scott Stranzl.
The other new tenant is Accentcare Home Health of California Inc., inking a three-year lease for 840 square feet at 1301 N. McDowell. Preston Smith of Cornish & Carey Commercial Newmark Knight Frank represented Accentcare in the lease, and Rhonda Deringer of Keegan & Coppin represented Gluing Machinery & Systems.
Lease renewals in the four buildings Basin Street repurchased were secured from Wells Fargo Home Mortgage, CSW/Stuber-Stroeh and Turning Point Law, totaling 3,600 square feet, just before the buildings sold.