Madison, WI, July 20, 2012 --(PR.com
)-- Cresa Madison recently completed a commercial real estate transaction with BioForward. BioForward engaged the Cresa team to help identify and negotiate a lease that accommodated BioForward’s budgetary requirements and desire to relocate to Madison’s central business district. BioForward moved to approximately 1,200 square feet at 214 North Hamilton from the University Research Park. The relocation will provide BioForward with better access to not only the Capitol, but also East Madison and Milwaukee.
“Cresa did an excellent job in understanding our needs and matching us up with the right space,” stated Bryan Renk, Executive Director of BioForward.
BioForward, an association that is the voice of Wisconsin’s bioscience community, was looking for a more central location for their organization. The desire to be downtown arose as a result of the growing amount of time spent in and around the Capitol. The relocation also made it easier to reach companies on the east side of Madison and beyond.
Cresa, a Madison commercial tenant advisory firm, provided counsel during the lease negotiation, including the initial market survey, site selection, request-for-proposal process, financial analysis and strategic counsel.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Global Accounts, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, and Facilities Services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms; Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.
BioForward is a member-driven, state association that is the voice of Wisconsin’s bioscience industry and a state chapter of the national Biotechnology Industry Organization. BioForward advocates actively on their members’ behalf for public policy that supports the industry, save their members money through their Select Savings group purchasing program, and provide a variety of opportunities for connections to funding, partners, customers, and employers and employees through their events and online resources. Their members include bioscience companies, universities, non-profits, service providers, and government agencies. For more information, please visit www.bioforward.org.