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Key Information

Client

MAN Diesel & Turbo Canada

Location

3430 Superior Court, Oakville ON

Topline

Consolidated office and industrial space

Size

25,800 sq. ft.

Timeline

24 months
 

 

The Challenge

 

The client occupied 14,905 sq. ft. of office space in one Oakville facility, and 13,850 sq. ft. of industrial space in a second Oakville facility, both with a Lease expiring December 31, 2013. The client wanted to consolidate, but were unsure as to what the optimal strategy would be and how they would optimize their brand.

 

The Solution

 

CBRE was quickly able to perform a Lease audit, producing a systematic report for the client which identified the deficiencies of their existing sites. The CBRE Project Management Team was also engaged to determine the client’s consolidation needs. A tour of select competitive properties was completed, which created speculation in the market regarding the client’s plan of action. Negotiations commenced not only with the front runner from this tour, but with the existing Landlord as well, in order to drive the best possible deal and to create further speculation that a renewal was possible.

 

The End Result

 

The client commenced the development of a new 67,000 sq. ft. flex office development in Oakville, taking 25,800 sq. ft. for ten years. The client saved approximately $580,000 from the Landlord’s initial proposal, and flexibility was maintained in the form of an Option to Terminate and a Right of First Refusal. Top of building signage was also provided, which fulfilled their need for brand optimization.

 

Quick Facts

 

  • Consolidation of office and industrial space
  • Significant monetary savings

MAN Diesel & Turbo Canada

Connect With Us to Learn More

David Potter
David J. Potter*
Executive Vice President, Office Leasing
Advisory & Transaction
*Sales Representative
+1 416 798 6239
+1 416 271 1373
+1 416 674 6575
John Potter
John Potter*, MBA
Senior Vice President, Office Leasing
Advisory & Transaction
*Sales Representative
+1 416 798 6242
+1 647 501 3832
+1 416 674 6575
Kathryn Schubert
Kathryn Schubert*
Vice President
Advisory & Transaction
*Sales Representative
+1 416 798 6234
Kristine Doner*
Marketing Coordinator
Advisory & Transaction
*Sales Representative
+ 416 798 6283