NAI Alliance Office Team Secures Exclusive Lease Listing for 255 West Peckham Lane

Reno, Nevada – Dominic Brunetti, CCIM, along with his partner Scott Shanks, SIOR have secured the exclusive lease listing for 255 West Peckham Lane in Reno, Nevada. The professional multi‐tenant office building is 6,882 square feet and was built in 1983. The lease rate is $1.50 per square foot. There is currently 1,100 square feet available.

Dominic Brunetti, CCIM Closes Office Sale Transaction

(Reno, NV) – Divine Purpose, LLC purchased an office building located at 255 West Peckham Lane in Reno, Nevada. In the sale transaction the NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, and Scott Shanks, SIOR represented the buyer Divine Purpose, LLC.

NAI Office Team Closes Lease Renewal AT 5050 Vista Boulevard

(Sparks, NV) – Group One Sparks, Inc., dba Keller Williams Group One renewed their lease at 5050 Vista Boulevard, Suite 104 & 105 in Sparks, Nevada for 4,970 square feet. In this lease transaction the NAI Alliance Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM, represented the landlord, MLRO, LLC, MLKO, LLC and MLL, LLC.

NAI Alliance Office Properties Group Closes Lease at 200 South Virginia

High Desert Internet Services leased nearly 500 square feet of office space at 200 South Virginia Street, Suite 555 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Basin Street Properties. 

High Desert Internet Services provides wireless internet services designed to cover the areas "left out" by DSL coverage and Cable Modem coverage, giving Rural customers the same type of performance enjoyed by those in the cities. High Desert Internet Services has been servicing Northern Nevada since 2002.

NAI Alliance Office Properties Group Recently Closes 3 Transactions

The NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR and Chase Whittemore, MS have recently closed three new deals.

• California Broadband Cooperative leased nearly 600 square feet of space at 200 S. Virginia. Chase Whittemore, MS, represented the landlord Basin Street Properties. The California Broadband Cooperative’s Digital 395 Middle Mile project proposes to build a new 553-mile, 10 Gbps middle-mile fiber network that would follow U.S. Route 395 between southern and northern California.
• Dominic Brunetti, SVP/Principal, closed the sale of an office building at 401 Flint Street. Mr. Brunetti represented the buyer in the transaction. The property at 401 Flint Street is 3,716 square feet in two buildings.
• And finally, Immunize Nevada leased 1,600 square feet of office space at 427 Ridge Street. In this transaction, Chase Whittemore, MS, represented both the tenant and the landlord.

To read the entire releases, please visit the NAI Alliance Press Release Page.

NAI Alliance Releases Q1 2013 Office Market Report

Driven by California’s outrageous Prop 30, which retroactively raised state income taxes on many individuals in the Golden State, growth in the first quarter of 2013 was more than noticeable. New companies like Rogue Gaming continue to enhance our Downtown economy. Call center and data center activity has remained strong throughout the market. Henry Schein stayed in the market signing a new lease for 75,000 square feet, adding to the proof that Reno is a great small market call center location.

Also new, is San Francisco based Bookkeeper Zoo. The mobile bookkeeping startup opened their national service and data center in South Meadows. This continued level of activity will certainly create more momentum for the Reno Tahoe area as regional companies realize they can take advantage of our competitive taxes, real estate prices, and labor pool.

To read the entire NAI Alliance Q1 2013 Office Market Report, click here.

Broadbent Associates Lease Space at 5450 Louie Lane in Reno - NAI Represents both Tenant and Landlord

Broadbent & Associates Inc. leased 10,083 square feet of office and warehouse space at 5450 Louie Lane, Suite 101 in Reno, Nevada. In this lease transaction NAI Alliance represented both parties. Scott Shanks, SIOR of the NAI Office Properties Group represented the tenant Broadbent & Associates Inc. and, Dave Simonson, SIOR, CCIM of the Industrial Properties team represented the landlord, J & S Erlach Properties 50, LLC.

Northern Nevada Office Property Market Continues To Improve, Optimism Slowly Rising

Many in northern Nevada are starting to feel that most industries are beginning to experience rebounds. The office property market in the area is experiencing the same. Cautious optimism in the office market is prevailing, and there are a number of reasons this is the case.

With asking rents and interest rates remaining low coupled with the quantities of available space on the market, brokers, investors and developers continue to feel that this will only benefit both new, and existing, tenants in the area.

There are some key areas that are experiencing near “back to normal” market trends. The downtown market is a highly sought after environment, as is the Meadowood area. In both of these hot sub-markets, tenants can be expected to pay in the $2.00/sqft range for high-quality Class A space, which is close to where prices were before the recession in the area.

This is due in large part to the demand for .....  Click here to read the entire release  from NAI Alliance.

Chase Whittemore Closes Lease Transaction at McCarran Mansion in Reno

Brian Kelly, Esq. leased office space at McCarran Mansion located at 401 Court Street in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord McCarran Mansion LLC.

NAI Alliance Office Team Secures Lease for Greater Nevada Mortgage Services

Greater Nevada Mortgage Services leased 3,950 square feet at 10385 Double R
Boulevard in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Scott
Shanks, SIOR, Dominic Brunetti, CCIM and, Chase Whittemore, MS represented the tenant
Greater Nevada Mortgage Services.

Chase Whittemore Closes Lease at 855 Maestro Drive in Reno NV

Press Release: Office Group
775 336 4600

HMS Business Services, Inc. leased 1,056 square feet at 855 Maestro Drive, Suite A in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Dennis Banks and Art Hinkley, LLC.

Chase Whittemore Closes Lease at 3748 Lakeside Drive in Reno NV

Press Release: Office Group
775 336 4600

Nick Stosic Insurance leased 1,360 square feet at 3748 Lakeside Drive, Suite 100 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord GAB Properties, LLC.

NAI Alliance Office Group Now Listing 825 Maestro Drive in Reno NV

Press Release: Office Group
775 336 4600

Dominic Brunetti, CCIM along with his partners Scott Shanks, SIOR and Chase Whittemore, MS of the Office Properties Group have secured the exclusive lease listing for 825 Maestro Drive in Reno, Nevada. The office space available is 4,312 square feet.

NAI Alliance Office Team Close Sale at 500 Damonte Ranch Parkway, Suite 909 & 929

Press Release: Office Group
775 336 4600

The NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented the buyer RVW Holdings, LLC in the purchase of 500 Damonte Ranch Parkway, Suite 909 and 929 in Reno, Nevada. The combined suites equal 6,647 square feet.

Dominic Brunetti, CCIM Closes Lease for Beckett, Yott, McCarty & Spann

Press Release: Office Group
775 336 4600

Beckett, Yott, McCarty and Spann leased 3,764 square feet of office space at 555 Double Eagle Court, Suite 1000 in Reno, Nevada. In this transaction the NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the tenant Beckett, Yott, McCarty and Spann.

Dominic Brunetti, CCIM Closes Lease at Lakeridge Centre Office Complex

Press Release: Office Group
775 336 4600

Wells Fargo Advisors, LLC leased 13,532 square feet of office space at 6005 Plumas Street in Reno, Nevada. In this transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the landlord Lakeridge Centre Office Complex, LP.

Dominic Brunetti, CCIM Closes Lease for Axia Home Loans

Press Release: Office Group
775 336 4600

Axia Home Loans leased 3,265 square feet of office space at 6880 South McCarran Boulevard, Unit 1 in Reno, Nevada. In this transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the tenant Axia Home Loans.

NAI Alliance Office Team Closes Sale at 6130 Plumas Street

Press Release: Office Group
775 336 4600

The NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS, represented the seller Plumas Street Properties, LLC in the sale of 6130 Plumas Street in Reno, Nevada. The building is 10,222 square feet.

NAI Alliance Office Properties Group Announces New Land Listing

Press Release: Office Group
775 336 4600

Chase Whittemore, MS, along with his partners Dominic Brunetti, CCIM and Scott Shanks, SIOR of the Office Properties Group have secured the exclusive land listing for APN 160-070-12 in Reno, Nevada. The land available is located in the Reno Tahoe Tech Center and is 51,846 square feet and/or 1.19 acres.

NAI Alliance Office and Industrial Teams Close Lease at Mill@McCarran

Press Release: Office Group
775 336 4600

F & P Construction leased 2,100 square feet at Mill@McCarran located at 1140 Financial Boulevard, Suite 600 in Reno, Nevada. In this transaction the NAI Office Properties Group and the NAI Industrial Group represented both parties, the seller, Hidden Valley Tech Center, LLC and the tenant, F & P Construction.