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CASE STUDY: Target Canada Co.

First launch into Canada

Key Information

Client

Target Canada Co.

Location

5570 Explorer Drive, Mississauga, ON

Topline

First launch into Canada

Size

190,000 sq. ft.

Timeline

3 months
 

 

The Challenge

 

The Client had recently acquired 200 retail outlets slated for opening in 2013 and required a headquarters for its Canadian operations that met with its corporate culture and image. The Client was faced with the daunting task of deciding/determining where to locate, where its employee base would come from, and the present (and future) space required, in a country and market that had no existing employees. The American retailer quickly realized that the Canadian marketplace and preferred geographic location only possessed one existing option that met with its objectives. It was imperative that the decision and launch of its new headquarters set the table for its expansion into Canada.

 

The Solution

 

CBRE was quickly able to mass all design build and existing options, and manufacture shadow availabilities to allow the Client to leverage the only existing facility that would fulfill its immediate requirement to house its initial 500 employees.

 

The End Result

 

The client was able to obtain a LEED certified, reputable building in its preferred geographic region at below market rates that offered the client immediate occupancy and temporary space, as well as true branding to satisfy its corporate image. The rates were below market, and the concession above despite that fact that there was only one suitable option for the client.

 

Quick Facts

 

  • Short and constrained timeline 
  • First launch into Canada 
  • Engrained corporate culture which needed to be realized in its Canadian headquarters

 

Target Canada Co.

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