1101 NORTH VIRGINIA
101 NORTH VIRGINIAR E N O , N E V A D A
101 NORTH VIRGINIA
D E L I V E R Y D A T E : A U G U S T 2 0 2 0
101 North Virginia is located on Reno’s
Startup Row in the heart of downtown,
walking distance from numerous
restaurants, bars, and hotels. Midtown,
The River Walk, Greater Nevada Field
and the Freight House district are
within blocks of the building.
2101 NORTH VIRGINIA
3101 NORTH VIRGINIA
1 0 1 N O R T H V I R G I N I A
DOWNTOWN CLASS A OFFICE & RETAIL• 97,000 GSF Building
• KnowledgeeconomyClassAOffice+GroundFloorRetail
• Lease Rate Negotiable
• 10,000 SF – 64,000 SF Available
• Complete remodel of all interior and exterior areas including all new
building system
• Highceilings,largeopenfloorplates,aroofdeckandanelevated
podium in the back for an additional outdoor recreation area
• Floor to ceiling windows
• Renovations include new exterior façade with glass, new interiors
including utilities, bathrooms & lobby
• 8± parking spaces on site
• 320± parking spaces off site
• 20+restaurantsandcaféswithina3blockradius
• Has panoramic views of the Sierra Mountains, Truckee river & downtown
4101 NORTH VIRGINIA
CLASS A OFFICE MODERN RENOVATIONS
Existing Office Building
• 7storyofficebuilding
• High ceilings
• Openfloorplates
New Interiors
• Complete redesign
of interiors, including
new building systems,
a modern lobby and
creativeofficeinteriors
Retail
• Excellent location for
groundfloorretail
• 18’ ceilings
New Façade
• Replace existing exterior
façade with glass
1 0 1 N O R T H V I R G I N I A
5101 NORTH VIRGINIA
CREATIVE CLASS A
OFFICE SPACE
6101 NORTH VIRGINIA
Truckee River2nd St
Mill StLake St
Center StVirg
inia StSierra St
Califo
rnia
Ave
Reno City Hall
Greater Nevada Field
Reno Events Center
St. Mary's Hospital
Harrah's
Eldorado
Circus Circus
Silver Legacy
Sands Regency
Montage
Wingfield Park
Discovery Museum
Reno Justice Court
Cinemark Movie Theater
Wild River Grill
Sierra Tap House
Arlington Towers
Campo, Old BridgePub & Reef Sushi
Second JudicialDistrict Court
Historic Courthouse
Federal Building& U.S. Courthouse
City Plaza
Old Post O�ce
Renaissance Hotel
Pioneer Performing Arts
NationalBowling Stadium
National Automobile Museum
University of Nevada Reno
Washoe County Library
Nevada Museum of Art
Washoe Public House
Old GraniteStreet Eatery
101 NORTH VIRGINIA
DOWNTOWN RENO
7101 NORTH VIRGINIA
FLOOR PLATES
FLOOR 1Retail
FLOOR 212,000 SF Available
RETAIL
KITCHEN
INDOOR/OUTDOOR RESTAURANT
8101 NORTH VIRGINIA
FLOOR 312,000 SF
FLOOR 410,000 SF
FLOOR PLATES
9101 NORTH VIRGINIA
FLOORS 5-710,000 SF
ROOF TOP
FLOOR PLATES
10101 NORTH VIRGINIA
15 Minutes tothe California Border
30 Minutes toTahoe
Universityof Nevada
10 Minutes toTahoe Reno Industrial Center
580INTERSTATE
80INTERSTATE
80INTERSTATE
395
Truckee River
Truckee River
SPARKS
RENO
RENO SPARKS MAP
101 NORTH VIRGINIA
WHY RENO?
“In February of 2017, the Las Vegas-based Switch
has opened the largest data center in the world,
next to Tesla Inc.’s battery factory in northern
Nevada’s Tahoe Reno Industrial Center. Covering
1.3millionsquarefeet,thefacilityfulfillsthevisionofSwitch
founder and CEO Rob Roy to create the largest data center ecosystem in the world for our customers’ mission-critical workloads.”Adam Kramer, EVP Of Strategy, SWITCH
Regarding Tesla’s decision to build a Gigafactory
near Reno: “This is not just about incentives.
[Nevada is a] really get things done state. That
was a really important part of the decision.”
Elon Musk, CEO, Tesla Motors
“Reno plays an incredibly important role in
the products and services that we provide our
customers worldwide. Without the data center here,
none of this would be possible. We’ve invested $1.6
billion in the region today and over the course of the next six
years, we intend to invest an additional $1 billion.”Tim Cook, Tech Company CEO
Reno moved up 26 spots to #11 on the Milken Institute’s annual list of “best- performing cities.”
Venture Beat - Jan. 2019
Nevada tops nation for inbound movers in 2018Reno Gazzette Journal - Jan. 2019
Nevada ranked #3 for year-over-year personal income growth in the U.S.
CarsonNow.org - Jan. 2019
11101 NORTH VIRGINIA
Reno ranked among the “15 Prime Real Estate Locations Investors Need To Check
Out” by Forbes for 2019Forbes.com - Jan. 2019
Reno, Nevada #1 in job growth in 2018 Bureau of Labor Statistics – Jan. 2019
Reno the #2 market for companies relocating from California after Austin Texas
Bureau of Labor Statistics – Jan. 2019
12101 NORTH VIRGINIA
R E C E N T L Y R E L O C A T E D C O M P A N I E S ( 2 0 1 5 - 2 0 1 8 )
TESLATesla/Panasonic selected
Northern Nevada as their
location for the world’s largest
Gigafactory focusing on
manufacturing of cutting edge
technologically advanced
energy storage.
SWITCHSwitch is the world’s largest
data center at 1.2 million
square feet. Switch has
completed their construction
for a total of seven buildings
and 6.49 million square feet
of high tech data campus on
1,000 acres.
BLOCKCHAINS, LLCIn January of 2018, Blockchains,
LLC – a company focused on
underling technology behind
cryptocurrencies such as
Bitcoin-purchased 67,125 total
acres east of Reno next to
Tesla, Apple & Google with
plans to build a “smart city”
built on blockchain technology.
FIGURE TECHNOLOGIESAfinancialtechnology
company leveraging
blockchain, AI and analytics to
deliver products to improve
thefinanciallivesoftheir
customers, is expanding
operations to Reno, Nevada.
The company plans to hire
240 employees over the next
several years.
WHO HAS MADE THE MOVE
13101 NORTH VIRGINIA
TOP REASONS TO MOVE TO RENO
FAVORABLE TAX STRUCTURE
INFLUX OF NEW BUSINESSES:
TESLA, SWITCH
IMPRESSIVE JOB & POPULATION GROWTH
LOW COST OF BUSINESS
PROXIMITY TO MAJOR MARKETS
6TH IN U.S. FOR JOB GROWTH BETWEEN 2017-2019
Source: Economy.com
Source: CBRE Research
RENO’S MOSTPROMINENT EMPLOYERS
• Amazon
• Apple
• Dupont
• International Game Technology (IGT)
• Intuit
• Microsoft
• NV Energy
• Panasonic
• Patagonia
• Renown Health
• Sierra Nevada Corporation
• Switch
• Tesla
• University of Nevada, Reno
RANKED STATES FOR BUSINESSTOP STATE FOR ECONOMIC GROWTH POTENTIALBusiness Facilities’ Magazine – 14th Annual State Rankings Report
TOP 10
14101 NORTH VIRGINIA
Source:Axiometrics;Redfin
R E N O V S O T H E R M A J O R C I T I E S
RENO PORTLAND SAN FRANCISCO SEATTLE SACRAMENTO DENVER SALT LAKE CITY
MEDIAN Home Price $359,000 $415,000 $1,350,000 $685,000 $388,000 $409,900 $355,000
Median Rent $1,170 $1,350 $3,325 $1,764 $1,406 $1,602 $1,166
Sales Tax 8.265% 0.00% 8.75% 9.60% 8.50% 8.31% 7.75%
Income Tax 0.00% 9.00% 9.30% 0.00% 9.30% 4.63% 5.00%
5,935 SINGLE-FAMILY HOME SALES FOR 2018 RENO
HOUSING MARKET
Source: MLS Reports
COST OF LIVING
15101 NORTH VIRGINIA
PARKS3,819 Acres
30 MINSTO TRUCKEE
1 HRTO SOUTH LAKE TAHOE
3 HRSTO THE BAY AREA
OUR QUALITY OF LIFE
C U L T U R EO U T D O O R W E A T H E R
C O M M U T E
15MINAverage
Commute
6th BEST SMALL CITY in AmericaSource: Reno Gazette Journal - rgj.com
Burning Man
Hot August Nights
Reno Philharmonic & Pops Orchestra
Nevada Museum of Art
Air Races
Balloon Races
Artown
3,819 Acres of Parks
900 Hiking Trails
50 Championship Golf
Courses
TOP 50 Bike Friendly City
Days ofSunshine
BIKE FRIENDLY
Top 50
300
RENO DRIVE TIMES
16101 NORTH VIRGINIA
EDUCATION & INNOVATIONUNR21,000+Students1,049 Academic faculty19:1 Student to Faculty Ratio
Reno has an existing tech company presence, a well-
educated workforce, and access to numerous outdoor
activities. Reno also has a large state university next to
downtown. Uniquely, though, Reno has proximity to Silicon
Valley, a relatively low cost of living and is located in a 0%
tax state with low property taxes.
• Among the nation’s fastest growing universities, UNR
is designated a Carnegie R1 institutions, placing it
among 130 doctoral universities with the highest levels
of research activities
• UNR student body has increased in 10 years from
17,000 to 22,000, an increase of 30%
• UNR’s massive red brick and green lawns campus is
mere blocks from downtown Reno
The University of Nevada Reno Campus is 290 acres with
180 buildings, 60 research facilities, 12 museums and
galleries and 11 schools and colleges. During the past
decade, we've added more than half a billion dollars in
new, state-of-the-art facilities – and there's more to come.
Source unr.edu
17101 NORTH VIRGINIA
SVE Development Partners is a real estate
privateequityfirmdedicatedtoinvestingin
federally designated Opportunity Zones and
ledbyahighlyexperiencedteamoffinancial
and development executives, including strong
local ties in northern Nevada.
PROJECT PARTNERS
SVE has put together a team
of highly experienced local
firmsthatwillworkwithSVE
on the design, engineering
and development of 101
North Virginia into the
premier Class A knowledge
economyofficebuildingin
Reno.
SMCGeneral contractor and construction manager that has led numerous highprofileprojectsintheTahoe-Renoregionoverthepast20+yearsinsectorsrangingfromgaming&hospitality,hotel×hare,office& government and restaurant & retail. Notable projects include the Edgewood Tahoe Resort Lodge, the RSVA Convention Center, the Arrowcreek Country Club remodel, and the Peppermill Casino Hotel Tower in Reno.
KRI Architecture & DesignKRIisaReno-basedcontemporaryarchitecturefirmthatisinvolvedin several current projects in northern Nevada, including the Deco (multifamily project in Sparks) and the Park Lane, south of Midtown Reno.ThefirmwasfoundedandisledbyDavidMadsen.
TEC Civil EngineersTECisthepremiercivilengineeringandstructuralfirmintheRenoareaandthefirmhasbeenengagedonnumerouslarge-scaleassignments including Greater Nevada Field and most major gaming & hospitality projects in the area.
P R O J E C T T E A M
David Woods, CCIMFirst Vice President
775 321 4459
©2019CBRE,Inc.Allrightsreserved.Thisinformationhasbeenobtainedfromsourcesbelievedreliable,buthasnotbeenverifiedforaccuracyorcompleteness. You should conduct acareful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All othermarks displayed onthis document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.
CBRE RENO | 6900 S MCCARR AN BLVD. | SUITE 3000 | RENO, NV 89509
Matt Grimes, CCIMFirst Vice President
775 356 6290
F O R P R E L E A S I N G , C O N T A C T U S :
101 NORTH VIRGINIAR E N O , N E V A D A