Insight

BioForward to Maintain Office Presence in Downtown Madison

November 14, 2017

Cresa Madison represented BioForward in their office space lease renewal transaction. Cresa and BioForward previously partnered in the negotiation of BioForward’s initial move into the Central Business District several years ago. This most recent renewal transaction will ensure BioForward’s presence off Capital Square for years to come.

BioForward will be renewing their lease at 214 N Hamilton Street, directly north of the capital building. The location was originally setup in 2012 by Ross Rikkers, Managing Principal at Cresa Madison. Ross stated, “We already signed leases with several other biotech companies in Madison so creating a partnership with BioForward only made sense.” The goals of BioForward require the organization to regularly meet with state legislatures and member organizations. Having an office close to the capital and the rest of downtown was a requirement.

“It’s important for BioForward to be downtown near other associations focusing on advocacy and working at the capital and with member companies and universities,” stated Lisa Johnson, Executive Director at BioForward, “this location is important to BioForward, Cresa did a great job on negotiating our lease.”