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PETALUMA, CA -Basin Street Properties sold five buildings in the Redwood Business Park here to the buildings’ sole tenant, Cisco Systems, for $30 million. Basin Street president Matt White says the sale is one of the biggest transactions so far for the area.

Stonegate Partners principal Bo Cashman advised Basin Street on the sale. Basin Street Properties is the largest developer and manager of commercial properties in Sonoma, Marin and Napa counties Gary Arabian, principal of the San Francisco-based CAC Group, advised Cisco on the purchase.

Comprised of 30 buildings, Redwood Business Park is located at the intersection of North McDowell Boulevard and Old Redwood Highway in Petaluma. Other telecom companies occupying space in Redwood Business Park include Advanced Fibre Communications, Alcatel, Nokia and Turin Networks.

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