CHALLENGE

The Office of the French Language Services Commissioner (FLSC) of the Province of Ontario was subleasing space from another Government office at 700 Bay Street but the office was growing and there was a desire to relocate out of its existing building. Jim Wilson’s tenant representation team was referred to the FLSC by the Commissioner of the Financial Accountability Office of the Province of Ontario. 

SOLUTION

A Needs Analysis determined the office requirement was approximately 4,500 square feet and CBRE identified all options within walking distance of Queen’s Park. Working with our downtown office it was quickly determined that 800 Bay Street offered the best solution from geographic, qualitative and, most importantly, financial perspectives and a 10 year lease was negotiated.

RESULTS

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.