Case Studies


Meridian Management, Inc: Meridian Management, Inc. is a commercial real estate company based in St. Paul, MN specializing in providing commercial tenant representation to clients; large and small, throughout the Twin Cities metro.  We provide absolutely free commercial space tenant representation for any size business or corporation - the property owner pays our fees. Utilizing our years of experience as an owner/investor, developer and property managers we help you to make an informed decision on your next lease or building purchase.

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Minnesota Genealogical Society

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Meridian Management Service: 
Commercial Lease / Tenant Representation

Industry:  Non-Profit / Educational Organization

Client:  The Minnesota Genealogical Society
The Minnesota Genealogical Society, organized in 1969, is a non-profit, educational organization whose purpose is to:

Foster and increase interest in genealogy by providing an association for those interested in family, state, and local history.

Collect, preserve and publish genealogical and historical records and information.
Hold meetings, classes, and workshops to educate members on current genealogy-related topics.

SUCCESS STORIES

Commercial Lease / Tenant Representation

The Challenge:

  • MGS was asked to move by their landlord due to the sale of their building to a neighboring property owner who was expanding their manufacturing plant
  • The tenant had been located in their current space for approximately 10+  years and had a “sweetheart” rent structure which was considerably below current market rents
  • While MGS was considered mostly office type space for the library, they had a unique meeting space in the basement of the building for monthly programs for up to 75 people at a time.  This space would not be easily replicated in your traditional office building.
  • Find a building that would provide adequate parking capacity for their monthly events

Meridian Management Strategy:

  • Searching available properties in the Minnesota Commercial Association of Realtors (MNCAR) database
  • Broadcast email of client requirements to 400+ brokers in the MNCAR network
  • Locate buildings that were not currently listed as For Lease through personal and professional network and driving areas in the geographic region selected by the tenant

Results:

  • Located  space that was able to match the existing rent structure with a meeting space for up to 100 people
  • Negotiated a lease that included minimal rent increases over the term of the lease with renewal and expansion options favorable to the tenant.
  • New building had additional storage space for marketing and collateral materials.