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Law Firm Takes 12,000 SF at BofA Plaza

RENO, NV-The long-term lease drops vacancy to 20% in the 12-story, 250,000-sf class A office tower that Basin Street Properties acquired in December for $34.6 million.

By Brian K. Miller | Updated on August 16, 2006

RENO, NV- The law firm Beckley Singleton has signed a long-term lease for 12,000 sf at Bank of America Plaza, a 12-story Downtown office building here that is owned by Basin Street Properties of Petaluma, CA. Basin Street vice president Scott Stranzl tells GlobeSt.com that the lease term is 10 years and commences in February 2007. The asking lease rate for the space was $2 per sf, full service.

The law firm will relocate from 3,000 sf at 1875 Plumas St., which is located one mile south of 50 West Liberty St., the street address for Bank of America Plaza. The commitment drops vacancy at Bank of America Plaza to 20%.

Basin Street Properties acquired Bank of America Plaza in December for $34.6 million. Matt Riecken, Don Welsh and Annemarie Huisman of Trammell Crow Company have the leasing assignment.

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