CHALLENGE

Encircle is a scaling tech company based in Communitech in downtown Kitchener that needed to relocate quickly because of significant growth and their strong desire was to remain in a “brick & beam” office environment in Kitchener’s downtown core.  After completing an office needs analysis it was determined their requirement was approximately 7,000 square feet and a search was initiated to identify all viable alternatives in the area.

SOLUTION

After reviewing all available options and conducting a tour of the short listed properties, Encircle quickly focused on a sublease option in the Tannery.  However, after submitting an Offer to Sublease the Sub-Landlord decided to take the space off the market because an existing Sub-Tenant wanted the space for expansion. Leveraging market knowledge and, more importantly, a relationship with another broker helped identify another better off-market option that was eventually leased.  

RESULTS

Quickly identified a fully furnished, off-market option and negotiated financial and strategic terms that allowed the tenant to relocate on an accelerated basis.