SUBMITTED NEWS RELEASE
NAI Alliance, a premier commercial real estate firm in northern Nevada, has announced it will move its offices to downtown Reno and has signed a five-year lease with Basin Street Properties (www.basin-street.com) to move into the four story tower of the 50 W. Liberty St. building (Bank of America Building). NAI Alliance will occupy 7,000 square feet of office space in the 249,349 square foot facility owned by Basin Street Properties, a prominent west coast real estate investor in commercial and mixed-use properties. NAI Alliance will move into the facility in January 2011.
“NAI Alliance is excited to have recently signed a lease to relocate to downtown Reno,” said Scott Beggs, partner and head of the investment properties team. “Our move to Downtown will put NAI Alliance in a great position to be a part of the re-emergence of our community’s economic core. Downtown Reno continues to grow and reinvent itself. It is fast becoming a productive and fun place to work and do business. Being a home grown northern Nevada company, it is very gratifying knowing we will be in a building that is locally-owned and professionally managed by Basin Street Properties which has been a major contributor to the renaissance of Downtown. Our move to Downtown is an exciting opportunity for NAI Alliance and we are very happy to play a part in the rejuvenation of our City.”
NAI Alliance specializes in the sales, leasing and management of office complexes, retail shopping centers and industrial warehouse buildings in conjunction with land, multi-family and investment properties. As a member of NAI Global, they are part of 325 offices, with 5,000 professionals in 55 countries with $45 billion in transaction volume and more than 200 million square feet managed worldwide. NAI Alliance’s experts have long-standing experience in the northern Nevada community and provide the combination of local insight and global resources to deliver the real estate opportunities and solutions to best serve its clients.
Basin Street Properties’ 50 W. Liberty Class A building consists of a 12-story and a four-story tower with 249,349 square feet of office space located in downtown Reno and in immediate proximity to City Hall, the County Courthouse and the Federal Court Building. The building features panoramic views of the surrounding Sierra Mountains, Truckee Meadows and downtown Reno, and offers close access to Interstate-80, the Amtrak station and all major bus lines. Basin Street Properties’ facility also has an on-site and manager and facilities engineer, Bibo Coffee Company and a Bank of America Branch on its ground level, an on-site security guard and on-site storage facilities. The building is also within immediate proximity to many restaurants, business services and other downtown amenities.
About Basin Street Properties: Basin Street Properties, headquartered in Reno, Nev., is one of northern California’s and northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail and mixed-use developments. Founded more than 30 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information, visit www.basin-street.com.