Dillon Consulting Trades Excess Space for Better Terms

CHALLENGE

Dillon Consulting occupied the same office space at 235 Yorkland for 15 years and had 20% more space than it required.  The challenge was in helping Dillon come up with a new workplace strategy that addressed the financial concerns of senior partners and met the physical office requirements deemed necessary to attract and retain the next generation of employees. 

SOLUTION

Assisted Dillon first with developing a new workplace strategy to meet the corporate, financial and physical needs of the company.  Then, after much consultation with the client, developed a strategy to pit their existing landlord against the market to ensure Dillon obtained market-leading financial and strategic incentives.

RESULTS

Dillon was able to renew its lease at the same rental rate it had been paying, realize savings by giving back excess space to the landlord immediately, relocate onto new floors in the building with a tenant allowance that was 190% above what the landlord was offering, get the landlord to upgrade the building HVAC and install a fitness facility in the building and obtain options to terminate throughout the lease.

Suburban commercial office tower exterior

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