Basin Street News

Reno, NV (date June 19, 2017) – 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%.  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.

About MINEMAN Systems:
MINEMAN Systems is the world’s leading provider of software and services for metal sales, used for mines in some 30 countries. MINEMAN Systems is a mission critical, integrated global solution for Commodities Management. A significant volume of the world’s base and precious metals are transacted using MINEMAN every day.

Mining companies use MINEMAN Systems to sell their products, including concentrates containing copper, gold, silver, lead and zinc. MINEMAN is also used to sell metals such as gold and silver doré, refined bullion, and copper cathodes. It isn’t just about selling, Smelters and Traders use MINEMAN to buy those products.  If you are in the business of mining or smelting then your sales and financials can be managed by MINEMAN.

 

 

 

About Basin Street Properties:
Basin Street Properties, headquartered in Reno, is one of Northern California and Northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail, multi-family, hospitality and mixed-use developments.  Founded in 1974, 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 basin-street.com or contact Mike Williams, 775-954-2821, mwilliams@basin-street.com.