Initial Challenges
- Mikva Challenge occupied more square footage than necessary but aimed to avoid the financial and operational burdens associated with relocating.
- As a nonprofit, reducing real estate costs was critical to reallocating funds toward their youth programs.
- They entered an unprecedented office market characterized by uncertainty, including varying financial conditions among building owners.
- While exploring smaller space options within the building and alternative locations, they prioritized remaining in their current space to avoid disruption, maintain accessibility to public transportation, and preserve the strong relationships their community had built with the building staff.
BA Solutions
- BA guided Mikva Challenge through a strategic market evaluation to compare leasing options.
- Leveraging deep market insights, BA negotiated a lease renewal that allowed Mikva Challenge to remain in their 5,676-square-foot space while paying rent based on only 4,000 square feet, resulting in a significant reduction in occupancy costs.
- BA’s approachable and responsive style ensured a seamless process, quickly understanding Mikva Challenge’s real estate goals and delivering a solution that aligned with and supported their mission.
“Bradford Allen took the time to understand our unique needs as a nonprofit, allowing us to focus on our mission while securing the right deal for our organization.”
– Heather Davis
Director of Operations, Mivka Challenge
Proven Results
- Mikva Challenge successfully remained in their existing office while paying less, freeing up more funds for their programs.
- They avoided the disruption and expense of relocating while maintaining their strategic, transit-accessible location.
- The familiarity of the building and its staff remained a critical asset, providing long-term stability for the organization and the community they serve.
- BA delivered a tailored solution that met Mikva Challenge’s needs, allowing them to remain in a space that supports their mission while effectively lowering costs.
Transform your own office space
As expert tenant representatives, we focus our strategy on the business objectives of our clients. Each service we provide is measured by how well it achieves or enhances client goals. Bradford Allen clients gain the knowledge necessary to quantify their real estate requirements, determine the positives and negatives of available options, and analyze the financial implications involved. To achieve similarly impactful results for your business, consider contacting our experienced brokers today.
SR ASSOCIATE
NATHAN J. MEISNER
Nathan joined Bradford Allen in 2019, primarily focusing on helping companies find office space to fit their needs by assisting in all facets of the leasing process. His responsibilities include finding office requirements and negotiating new leases, renewals, and extensions. Nathan also maintains current market knowledge and relationships with owners, which helps him create the best options for his clients.
Prior to Bradford Allen, Nathan began his commercial real estate career with summer internships at Cushman & Wakefield and Zeller Realty Group. A graduate of Ohio University in real estate and financial management, Nathan became an office tenant rep broker at Monarch Realty, before joining Miller Chicago Real Estate.
A Cincinnati native, Nathan is the middle child of six siblings and a longtime fan of all Cincinnati sports – Bengals, Reds, and FC Cincinnati. He now lives in Wicker Park and spends his free time watching or playing sports, fishing, camping, hiking, and finding new spots to dine and drink in the city.
Visit our Tenant Representation services page for more information or to arrange a meeting today.