The BSA isn’t your average professional services advocacy organization. They have a vested interest in culture, design + transforming the built world around us. Hosting 500 events and meetings a year, the BSA’s original space created logistical challenges. They also needed branded space more than ever. Enter M&A. How did a nonprofit afford brand new space on the waterfront? We worked with the building’s developer to achieve below market rent and meet the Mass General Law Chapter 91 requirements for cultural and public space near Boston’s Fort Point Channel.
Nonprofit, Strategic Consulting, Tenant Representation
CURATING A WATERFRONT
M&A helped sell the BSA’s former building for a considerable return and negotiate the lease to move into beautiful, new stylish space that amplified their brand. Boston’s Atlantic Wharf offers the BSA a site that houses office, concierge, meeting and exhibit space to showcase innovation in design. Most important, the finances add up – the BSA effectively pays for only a third of the space that they actually occupy. Since the move in, the BSA’s newfound visibility has increased its operations by over $2 million annually and given the organization the public face it has long desired.
Our new location has transformed our organization. McCall & Almy’s team of experts were integral to acquiring the new space, selling the building that we had occupied for the previous 20 years, and relentlessly advocating on our behalf throughout both transactions. They understood our business, negotiated an aggressive and creative, long-term lease that supported our vision for the future, and guided us through a process about which we knew little. McCall & Almy’s valuable advice turned our dream for a fresh image into a reality.”