CHALLENGE

Altana Pharma was located in a ‘B’ Class building in Burlington and was growing but there was no further room in the building in which to expand.  Due to the size, location and building quality of the few existing building options in the market within which the tenant could relocate the tenant was concerned they would have to relocate into a lesser-quality building in a non-desirable location.

SOLUTION

The Wilson team was retained to assist and through a detailed market search discovered a small number of existing buildings that had vacancy coming available and land options that could accommodate office design-build.  Recognizing there was enough time remaining on the tenant’s lease to accommodate construction of a new building, an RFP was issued to existing buildings and design-build options to create a competition for the tenant’s occupancy.

RESULTS

The RFP between existing and design-build options created ideal financial leverage for Altana Pharma to relocate into affordable ‘A’ class space that was the first office design-build in Oakville in over a decade.