Basin Street Properties has signed a lease with the mining services company MINEMAN Systems for 1,067 square feet on the tenth floor of 50 West Liberty in downtown Reno.
Basin Street Properties, a prominent northern Nevada real estate investor and developer, has signed a lease with the mining services company MINEMAN Systems for 1,067 square feet on the tenth floor of 50 West Liberty in downtown Reno.
“MINEMAN Systems is an example of the exciting variety of tenants we’re seeing in downtown Reno,” said Scott Stranzl, vice president of leasing for Basin Street Properties. “It is encouraging to see our surging economy being driven by a broad set of up-and-coming companies and not a single vertical.”
MINEMAN Systems is a long established Australian software and services business which sells and supports its flagship product, MINEMAN, to the international mining industry. The system is cloud-based and supported worldwide, and is used by mining operations in 28 countries. In 2016 one third of the world’s traded copper, and 20% of the world’s gold production was sold through MINEMAN. The company has offices in Australia, India, Philippines and Peru, and has recently established MINEMAN USA in Reno Nevada, to service its expanding client base of gold and silver mining companies in the Americas. Existing gold mining companies who rely on MINEMAN for metal sales are Newcrest of Australia, Goldcorp of Canada, and Newmont of the United States.
Aside from the traditional business of selling the MINEMAN Systems software, the company has established a new business unit called Managed Services where mining companies can outsource their metal accounting, metal sales and associated financials to MINEMAN Systems. This services removes substantial complexity from mining companies, freeing them up to focus on strategy and improvements.
MINEMAN Systems is already managing and selling a large volume of copper and gold concentrates through its Australian and Philippine offices, and one of the aims of the new Reno office is to provide a local service to United States gold and silver mining companies to outsource their gold accounting and gold sales. MINEMAN USA is looking to hire local people with a strong background in gold accounting and sales and associated treasury activities.
50 West Liberty is a Class A office building in the heart of Downtown Reno. A new fitness center, complete lighting retrofit and newly remodeled lobby are some of recent property updates that make 50 West the premier Downtown Reno office location and have driven vacancy in the building below 8 percent. Basin Street Properties owns and manages 723,646 square feet of class A office space, hospitality, multi-family and retail in Reno and partnered in the redevelopment of the Kings Inn into 3rd Street Flats.
Representing Basin Street Properties was Lindy Deller of Dickson Commercial Group. Fred Jayet of Re/Max Premier Properties represented MINEMAN Systems.