Basin Street Properties, a prominent real estate investment, development, and management firm, is pleased to announce carbon-free geothermal energy developer Fervo Energy has signed a 2,922 square foot lease at 200 South Virginia in downtown Reno. This brings 200 South Virginia to 87% occupancy. It is the 12th new lease Basin Street has completed in downtown Reno in the past 12-months, totaling 45,603 square feet of new activity.

Fervo Energy is at the forefront of revolutionizing geothermal energy by integrating advanced drilling and reservoir management technologies. Founded with a mission to make geothermal energy a more viable and scalable clean energy source, Fervo combines innovations from the oil and gas sector with modern data analytics and machine learning techniques. In 2023 the company announced the success of Project Red, it’s commercial pilot project with Google located north of Reno. As the world seeks to address climate change and reduce carbon emissions, Fervo Energy stands out as a beacon of innovation and hope in the quest for clean, reliable, and sustainable energy solutions.

200 South Virginia is a nine-story, 117,780 square foot Class A office building with panoramic views of the surrounding Sierra Mountains, Truckee Meadows, and downtown Reno. This premier office building is located in the heart of Downtown Reno within walking distance of the Truckee River, City Hall, the County Courthouse, and the Federal Court Building. It has a direct conduit to the AT&T regional switch which sits on east/west fiber backbone providing redundant connectivity through multiple fiber vendors and redundant power via a 480 KVA generator. Abundant parking is available in an adjacent parking garage.

“Fervo Energy is an exciting company to bring to Northern Nevada and 200 South Virginia,” said Scott Stranzl, Chief Portfolio Officer at Basin Street Properties. “They’re at the forefront of energy innovation and we look forward to seeing their team flourish at our property.”

Dominic Brunetti and Patrick Riggs of DCG represented Basin Street Properties.