SUBMITTED NEWS RELEASE
Downtown Reno continues its recent success and growth by announcing that MyNewPlace, one of the nation’s largest apartment and home rental websites, has expanded its San Francisco-based operations with the opening of a satellite office in Reno.
MyNewPlace signed a 3,000-square-foot lease and moved into Basin Street Properties’ 300 East Second Street location. The new office is scheduled to open in mid-March, and the expansion into northern Nevada should create up to 20 new MyNewPlace jobs for the region.
Basin Street Properties is a prominent West Coast real estate investor in commercial and mixed-use properties and the largest office landlord in downtown Reno.
“The combination of a strong rental market and MyNewPlace’s success developing innovative online marketing tools for apartment owners has positioned us to expand our workforce to meet the needs of a growing client base,” said John Helm, CEO and founder of MyNewPlace. “The Reno market offers affordable access to a very talented labor force and is a great complement to our San Francisco headquarters.”
The building at 300 East Second Street, recently renamed the Jones Vargas Center, is a 15-story, 141,575-square-foot tower with four floors of Class A office space offering nearly 1,000 parking stalls on its 11 floors of parking. The facility is in downtown Reno and offers on-site security and on-site management as well as immediate proximity to restaurants and services.
Conveniently located within walking distance of City Hall, the County Courthouse and the Federal Court Building, the Jones Vargas Center features panoramic views of the surrounding Sierra Nevada, Truckee Meadows and downtown Reno. The facility also offers direct access to Interstate 80, the Amtrak station and all major bus lines.
“More and more companies that have a presence in California continue to find ways to do business in northern Nevada because of the business-friendly environment the region has worked so hard to create,” said Scott Stranzl, Basin Street’s vice president of leasing. “We are excited to have a national company like MyNewPlace come to Reno as our downtown continues to be one of the most desirable locations in the region for businesses to operate because of its incredible location and amenities.”
About MyNewPlace
MyNewPlace is one of the nation’s largest apartment and home rentals websites with four million monthly visitors. The company offers apartment owners and managers a great source of qualified, prospective residents under a results-oriented pricing program. MyNewPlace delivers free access (via web, mobile web or mobile applications) to rich property information, including photo galleries, videos and neighborhood information. Headquartered in San Francisco, MyNewPlace was founded in 2005 by John Helm. For more information about MyNewPlace, please visit www.mynewplace.com.
About Basin Street Properties
Basin Street Properties, headquartered in Reno, 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.
