Adam Kiefer, co-founder and CEO of Talage Insurance, speaks at an August 2018 NNBW Breakfast & Business event. Photo by Kevin MacMillan.

Insurance technology firm Talage recently signed a lease at Basin Street Properties’ 200 South Virginia property in downtown Reno.

It marks the fourth new lease this year at 200 South Virginia, totaling 9,054 square feet of activity, according to a Dec. 8 press release. Three new spec suites under construction at 200 South Virginia were all leased before they were completed.

“We look forward to continuing to grow our business in the downtown Reno area,” Adam Kiefer, CEO of Talage, said in a statement. “As we seek innovative new ways to drive change in the insurance industry, providing clear customer value is essential for our success. We are thrilled to settle into our new space as our client base has exponentially grown and our team continues to expand.”

Since launching as a startup in 2015, Talage works with insurance agents and carriers to educate and improve efficiency through its innovative digital platform, which allows brokers to sell and service property and casualty insurance policies in a more efficient way.

The company closed a $5 million Series A funding round in February 2020, which has led to a growth in staff and market reach. Talage has been looking to relocate for some time from its 1,600-square-foot space on South Wells Avenue in Reno.

“Talage has done an excellent job bridging the gap for agents, carriers and small businesses by simplifying the insurance buying process,” Scott Stranzl, Chief Portfolio Officer at Basin Street Properties, said in a statement. “Innovative and growing companies like Talage are excellent additions to our buildings and provide attractive job opportunities to Reno’s growing workforce.”

Chris Shanks of Dickson Commercial Group represented Talage, while Dominic Brunetti, Patrick Riggs, and Scott Shanks of DCG represented Basin Street Properties in the lease transaction.