Petaluma investor buys Capitol Oaks building

Basin Street Properties, a Petaluma-based investor in Northern California and Nevada commercial properties, has purchased an 89,500-square foot, four-story office building at 2535 Capitol Oaks Drive in South Natomas from an institutional real estate fund for an undisclosed amount, the company announced late Monday.

The building, sold by McMorgan Institutional Real Estate Fund, will undergo a series of capital improvements. It's the second major acquisition in the region by Basin this year. In April, the company bought California Center Business Park, a 168,000-square-foot, three-building corporate campus at 8950 Center Drive.

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source: bizjournals.com