Office space was leased at rates below current market with tenant inducements including a significant above-market allowance and the FAO was moved in on time and on budget.
The client was able to renew before their lease expiry, obtained a leasehold improvement allowance reduced their occupancy costs by 16%.
The Wilson Team negotiated a short term sublease that met both the client’s budget and their accelerated occupancy schedule.
The client obtained an additional leasehold improvement allowance and reduced their occupancy costs by 13% over the landlords original renewal proposal.
Bridgestone was able to leverage their office renewal by incorporating an industrial lease into the renewal negotiation and employing market leverage to extract significantly better financial and strategic terms from their landlord.
Brink’s renewed it lease on the 10th floor and leased non-contiguous space on the 2nd floor at rates significantly below the landlord’s initial proposal and the Occupier team negotiated further landlord concessions that included free rent, a significantly higher tenant improvement allowance and an option to terminate.
C A S Interiors successfully secured 7,500 square feet of space at 2105 Matheson Blvd E that provided an above-market financial package for space that accommodated their immediate and long-term needs.
Through old-fashioned door knocking and dogged determination we identified an off-market opportunity in a better-quality building and negotiated a long-term sublease for furnished office space at rates that reflected a 21% reduction in occupancy costs from the original option.
The client relocated from expensive basement space that had no ambient light and where staff paid for parking to bright space on the 2nd floor of an ‘A’ class building that offered free parking to staff and visitors and the organization was able to realize savings in excess of $500,000.
The Wilson team was given permission by the existing tenant to approach their landlord and discuss a termination of their lease. At the same time the Wilson team worked with DeLage Landen and the landlord to negotiate an Offer to Lease conditional on the Landlord getting control of the space in their building.
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.
Leveraging the market through the RFP process Dillon negotiated a transaction in the Breihthaupt Block at rates well below the landlord’s stated financial position.
Quickly identified a fully furnished, off-market option and negotiated financial and strategic terms that allowed the tenant to relocate on an accelerated basis.
Office space was leased at rates below current market with a significantly above-market tenant improvement allowance and an option to terminate the lease during the term and the FLSC was moved into its new home on time and on budget.
In addition to expanding by 30% Bird did a ‘blend and extend’ on their lease 10-years prior to their lease expiry, leased an additional 9,416 square feet for 15 years at rates that declined over the new term, and was able to obtain market incentives not previously offered by the landlord.
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.
Was able to leverage the timeline, market conditions and the landlord’s desire to keep both tenants in their portfolio and ATP relocated into new, upgraded premises in a better building at a significant financial saving.
GHD, a global engineering firm, had a lease expiring in St. Catharines and required additional office space to support the office’s growth. It was required by their global head office that the real estate team selected provide an open-book and transparent process.
MeteoGroup was able to lease office space in the Oakville Corporate Centre on a long term basis at rates 30% below market and occupied its new location on time and below what was a very restrictive budget.
Because Second Cup was able to convince their Landlord they would seriously consider relocating in order to reduce their occupancy costs they were able to employ market leverage to obtain significantly better renewal terms with a rent free period for space they did not need but were willing to keep.
LaunchIt Ventures is a healthcare-focused venture company based in Hamilton, Ontario that provides support for startups through a unique model which combines funding, entrepreneurship, business acumen and a shared business services model.
LCP is a leading Canadian criminal law firm established in 2005 by 3 founding partners who have more than 50 years of combined experience in defending the most challenging criminal cases in Canada.
The client was able to obtain inducements and achieve financial terms that set a new low watermark for Net Effective Rents (NERs) in the market that satisfied both the tenant and its ownership team.
A transparent, competitive RFP process was completed and market-leading lease terms in the desired option were secured without jeopardizing the personal relationship between the tenant and landlord.
Negotiations to restructure the tenant’s lease commenced and resulted in a significant reduction in net rent and multiple options to terminate the lease throughout the balance of the remaining lease term.
Employing the luxury of time to backstop its negotiation Redpath was able to reduce its rent by approximately 16%, obtain a market-leading inducement allowance and obtain options to terminate.
The client completed a long-term lease for a design/build flex office that will kick off Hamilton’s newest business park. The building offers free surface parking and rental rates below what many existing buildings in downtown Hamilton are charging.
The Co-operators is a national insurance company that wanted to open a small office in Kitchener to focus on innovation and attract university talent by employing students on a project-by-project basis.
The tenant relocated into more efficient space in a re-purposed building that was considerably less expensive than the renewal proposed by their former landlord and the new office not only improved the average staff commute but was also closer to retail amenities.
The Wilson team identified office space overlooking the building atrium that had long sat vacant in the “A” class building because of its sloped glass roof – which was the very image the client desired.
The Wilson team was aware of shadow vacancy on the ground floor of 6790 Century that was available immediately and XTL leased the space ‘as is.’ The client opened their office on time and on budget in better quality space in a better-quality building with a significant reduction in occupancy costs than they were previously faced with paying.
