Press Release: Retail Group
775 336 4600
In a sign that the local real estate market is not all doom and gloom, MTK, Ltd., a Reno based Land Development Company, has begun construction on a 16,000 square foot mixed-use building in downtown Reno with a scheduled completion in April 2009. Located at 170 South Virginia Street, immediately south of the Pioneer Theater, State Street Plaza is a two-story building that incorporates a number of green elements in its contemporary design, materials and quality construction. Flexible in its ability to accommodate 16,000 square feet of office or a combination of office and retail, MTK’s marketing and development consultant, Mike Perkins, feels strongly that there will be tenant demand for the space. “This is the first speculative ground-up office construction to take place in downtown Reno for more than 20 years. The site is ideally situated near the County Courts complex, the downtown Reno office corridor and financial district, the Federal Courts building and City of Reno facilities. It is also set amongst multiple dining and entertainment venues”. While MTK acknowledges there are current challenges in the marketplace with increased vacancies and tenant attrition, Perkins commented “MTK is proud and committed to participate in the exciting transformation taking place in downtown Reno. Our tenants will benefit from the uniqueness and quality of the building, as well as this incredible location”.
Please contact NAI Alliance at 775-336-4600 for leasing information.
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