A standard lease deal won't get you a REX Award nom.There needs to be creativity involved, often under tight timelines. Thats how the 220K SF Portside lease went down, says Oxford Properties Group industrial director Alistair Pickering. (Cushman & Wakefield was also involved.) The lease has been nominated in the Industrial Lease of the Year category for the April 3 awards gala. Alistair explains that anexistingtenant was leaving the space, allowing Portside--a BC-based logisitics company---the ability to stage its occupancy as it grew its business. "Also we had to make significant alterations to the real estate to provide them with the functionality they needed. Here's the full list of REX Awards nominees.
A thought for Easter: "A happy family is but an early heaven" - George Bernard Shaw. How are you celebrating? Tellmark.keast@bisnow.com.
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