Nonprofit Newswire | Empty Property Offered at Reduced Rent to Nonprofits

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August 10, 2010; Source: Times-Herald | In Vallejo, Calif. a real estate developer is offering an 11,000 square foot building to a nonprofit at a discounted rate. The Wiseman Company, LLC bought the “peculiar looking building” because of its proximity to the downtown area but its efforts to develop the site have been stalled by the economy. This led the developers to offer a three to five year subsidized lease to a suitable nonprofit—an arts group or a school perhaps. This is the second Newswire NPQ has done about cheap offers of empty retail space to nonprofits. Have you heard of any additional examples of these arrangements?—Ruth McCambridge