The law firm of Beckley Singleton Chartered will move early next year to the Bank of America Plaza at 50 W. Liberty St.
The company's 10-year lease of 12,000 square feet in the building is another indication that the office market downtown is rebounding.
"We are excited about the renaissance of downtown Reno," said David McElhinney, vice president of Beckley Singleton. "There are obvious advantages to being a part of the pulse of the city as well as being located near federal and state courthouses."
The firm will move in February from its current offices at Plumb and Plumas streets. About 20 attorneys and supporting staff work in the office.
The Bank of America Plaza will be 83 percent occupied when Beckley Singleton moves in. About 60 percent of the building was occupied when it was purchased late last year by Basin Street Properties of Petaluma, Calif. It paid $34.6 million for the 248,843-square-foot building.
Matt Riecken of Trammell Crow Co., whose company represented Basin Street, said the Bank of America Plaza is the beneficiary of a growing trend of office users returning to downtown locations.
They're driven, he said, both by cost considerations rents in new buildings are steadily rising as well as a desire to be close to the amenities of the downtown area.
Ron Boles of Dickson Realty represented the law firm in the lease negotiations.
Along with Beckley Singleton, new tenants in the building include the YMCA of the Sierra which will open a fitness center on the building's first floor along with CTX Mortgage and Blue Trout Restaurant.
In recent weeks, Basin Street also purchased the nearby Wells Fargo Building at 200 S. Virginia, paying $18 million for the 120,000-square-foot building.
The company's executives have said they're looking to buy more office properties in the Reno area, both downtown and in outlying areas.
Along with Riecken, the lease negotiations were handled by Don Welsh and Annemarie Huisman of Trammell Crow.
