QUICK FACTS:
Politically Sensitive
Transparent Process Required
Quick Occupancy
SIZE:
6,000 SQ. FT.
SERVICES:
Occupier Services
CHALLENGE
The Office of the Financial Accountability Officer of the Province of Ontario was created by government statute in March 2015 to oversee Government of Ontario expenditures. Initially housed in temporary space at Queen’s Park the Office had instructions to identity and relocate into new premises within 8 months. In addition to the necessity of finding affordable office space within walking distance of Queen’s Park, the politically sensitivenature of the FAO mandate necessitated the project be lead by an experienced office occupier specialist who employs a transparent, open-book process. It is for these reasons the Wilson Team was recommended to the FAO by the office of the Environmental Commissioner of the Province of Ontario who was another client of the Wilson Team.
SOLUTION
A Needs Analysis determined the office requirement was approximately 6,000 square feet and a detailed search identified all options within walking distance of Queen’s Park. It was quickly determined that 2 Bloor West offered the best solution from geographic, qualitative and, most importantly, financial perspectives.
RESULTS
Office space was leased at rates below current market with a significant above-market tenant inducement allowance and the FAO was moved in on time and on budget.
