35 Lennox Drive, Barrie
Our client, an astute investor, had just acquired a vacant building, setting their sights on leasing it to a credit-worthy tenant. The competition was fierce, but they were in a position of strength. The challenge was to select the perfect occupant, one whose business model aligned with their long-term vision for the property.
We rolled up our sleeves and embarked on a proactive journey. Our team initiated a targeted marketing campaign, reaching out to industrial business owners. We vetted a staggering forty potential tenants, meticulously evaluating their impact on the property’s condition, creditworthiness, and alignment with our client’s goals. Seven offers emerged, all with reasonable terms, but on behalf of our clients’ interests, we held out for more. There was a deep understanding of the business and its long-term plans.
Our confidence in the market dynamics allowed us to stay patient, even halting negotiations on a 10-year proposal. To broaden our horizons, we suggested marketing the opportunity in smaller square footages, widening the pool of potential occupants.
The outcome was a resounding success. We negotiated a robust lease for our client, securing a tenant with a stellar track record and a thriving business model. Our client’s holding period turned out to be incredibly rewarding, and their satisfaction was our ultimate reward.
This case study underscores the importance of proactive communication, strategic decision-making, and the value of having a dedicated real estate professional on your side. If you are navigating the intricate world of Canadian real estate, we are here to empower your journey. Connect with us at Maven Commercial Real Estate, where success stories like these come to life.