Press Releases
Northwestern Mutual Financial Network Signs Lease with Basin Street Properties
to Move Its Offices to Downtown Reno
RENO, Nev. – Feb. 23, 2010 – Northwestern Mutual Financial Network, a leading insurance and investment company, has expanded its Reno operation and moved its office to Basin Street Properties’ 200 S. Virginia St. in downtown Reno. Basin Street Properties (www.basin-street.com), a prominent West coast real estate investor in commercial and mixed-use properties, signed a lease agreement with Northwestern Mutual Financial Network to supply 2,493 square feet of office space in the 118,741 square foot building.
“Growing our presence in Reno is important for our distribution strategy,” said John Fobes, managing partner with Northwestern Mutual Financial Network. “Downtown Reno is a booming area of the city and one that we wanted to be a part of. We are excited about the growing energy downtown and we consciously chose to participate in it. We believe that being downtown says that you are serious about success, and of course we enjoy the close proximity to a dense concentration of professionals that we count as A prospects. The new office is also more of a professional space that exudes the professional presence that we believe is consistent with the manner in which we carry on our business. Career seekers may find more information at northwesternmutual.com.”
Northwestern Mutual Financial Network, headquartered in Milwaukee, Wisc., has helped clients achieve financial security for more than 150 years. As a mutual company with more than $1.2 trillion of life insurance protection in force, Northwestern Mutual Financial Network seeks to share its gains with policy owners and deliver consistent and dependable value to clients over time.
Northwestern Mutual Financial Network and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments.
“Our office will continue to focus on the many small businesses in our area as well as the individual customer,” said Fobes. “We’re here to provide expert guidance on products that can impact a business to be more efficient and successful.”
Northwestern Mutual Financial Network’s Reno office is headed by Field Director Burt Clements. He is a graduate of the University of Nevada, Reno where is also played football. Clements has been with Northwestern Mutual Financial Network since 1979 as a successful financial representative and specializes in estate and business planning.
Basin Street Properties’ 200 S. Virginia building is a nine-story Class A office building located in downtown Reno and is in immediate proximity to restaurants/services while offering on-site security, on-site management and a dedicated facilities engineer. Centrally located within walking distance of the Truckee River, City Hall, the County Courthouse and the Federal Court Building, 200 S. Virginia is one of the most prominent buildings in Reno featuring panoramic views of the surrounding Sierra Mountains, Truckee Meadows and downtown Reno. The building offers on-site and immediately adjacent parking, renaissance concierge service, and has a Wells Fargo retail branch with ATM for tenant use. The office building is also used as a central hub for telecommunications including tenants such as Qwest, Level 3, Nevada West and Pacific Bell Internet Service. The building also offers direct access to Interstate-80, the Amtrak station and all major bus lines.
Northwestern Mutual Financial Network was represented by Reed Simmons, a broker with Grubb and Ellis.
Basin Street Properties, headquartered in Reno, Nev., is one of northern California’s and northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail and mixed-use developments. Founded more than 30 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information, visit www.basin-street.com.
