Starting with a cold call, our team was able to represent Cocky's Bagels on their expansion into the state capital. As we canvassed the market it became apparent that outside of national bagel companies, The Ohio State University was missing an artisanal bagel shop that could service the student population of 66,444 people.
Geographic operational management constraint on tenant, need for strong regional operator to run the day to day
Minimal campus opportunities with reasonable rent for a new to market tenant
Most locations were in need of a significant buildout or allowance package to bring the spaces into a condition that met the standards of the client
Helped the owners engage with local residential broker to purchase a home in the area and be closer to the operations of the new location
Targeted properties on south campus where significant new developments were underway, capitalizing on the lower rents and forecasted immediate population growth.
Negotiated a favorable TIA package for the client to offset initial buildout expenses.
Passov Group is a full-service commercial real estate brokerage company based in Ohio.
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