Re: Toronto Office Space

From
Madonna Borger <madonna.borger@thekey.com>
To
Timothy Thomas <tt@thekey.com>
CC
"Baylis, Kirk @ Toronto DT" <Kirk.Baylis@cbre.com>, Cheryl Cartwright <ccartwright@thekey.com>, "Fuller, Lauren @ San Diego" <Lauren.fuller@cbre.com>
Date
Wed, 13 Dec 2023 06:47:06 -0800
Folder
INBOX
--000000000000593763060c653e79 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you On Wed, Dec 13, 2023 at 6:45 AM Timothy Thomas wrote: > SJD Services (TheKey of Toronto) > > On Wed, Dec 13, 2023 at 9:43=E2=80=AFAM Madonna Borger > wrote: > >> Sorry to ask Tim but what entity will we be using for this site? >> Is it TheKey? >> >> On Wed, Dec 13, 2023 at 6:09 AM Cheryl Cartwright >> wrote: >> >>> Hi Madonna and Tim, >>> >>> Was this approved? I am training a new Case Manager in the New Year and >>> I need to know when we can occupy the space by. >>> >>> Thanks, >>> >>> Cheryl >>> >>> On Mon, Dec 11, 2023 at 12:44=E2=80=AFPM Baylis, Kirk @ Toronto DT >> Kirk.Baylis@cbre.com> wrote: >>> >>>> Hi Cheryl, >>>> >>>> >>>> >>>> I hope you had a nice weekend and flight back to the east coast! >>>> >>>> >>>> >>>> As discussed, I have drafted the attached offer on >>>> 2300 >>>> Yonge Street =E2=80=93 Suite 2011 >>>> >>>> =E2=80=93 1073 Sq. Ft. I have also included the compared document agai= nst RioCan=E2=80=99s >>>> standard offer paper. >>>> >>>> >>>> >>>> To summarize, the key terms are the following: >>>> >>>> - January 1st, 2023, possession date, with January 2023 being =E2= =80=9Cout >>>> of term free rent/fixturing period.=E2=80=9D >>>> - Lease term February 1st, 2024 =E2=80=93 January 31st, 2027 (3 yea= rs). >>>> - February 2024, 2025, and 2026 all rent free. >>>> - $18.00 Net ($7.00 below their asking rates) >>>> - This equates to $3,970.93 / Month (plus HST) >>>> - Please note, hydro is not included in additional rent for this >>>> space. >>>> - Landlord to install carpet at their cost. The Key to select >>>> colour/design based on the landlord=E2=80=99s standard finishes. >>>> >>>> >>>> >>>> This is an aggressive initial offer which I expect they will push back >>>> on some items. That said, the end of days terms will still be below ma= rket >>>> given the landlords motivation to lease the space. >>>> >>>> >>>> >>>> Can you please confirm the official legal entity name that will be on >>>> the lease. >>>> >>>> >>>> >>>> Cheryl or Madonna, please feel free to call or email with any >>>> questions. We can also set up a call to review the initial offer if th= at >>>> would be your preference. >>>> >>>> >>>> >>>> Thanks, >>>> >>>> Kirk >>>> >>>> >>>> >>>> *Kirk Baylis* >>>> CBRE Limited | Leasing & Investment Services >>>> 145 King Street West, Suite 1100 | Toronto, ON M5H 1J8 >>>> >>>> C +1 647 923 9243 >>>> *Kirk.Baylis@cbre.com * >>>> >>>> *Sales Representative >>>> >>>> >>>> >>>> *From:* Baylis, Kirk @ Toronto DT >>>> *Sent:* Tuesday, December 5, 2023 12:16 PM >>>> *To:* 'Cheryl Cartwright' >>>> *Cc:* Fuller, Lauren @ San Diego ; Madonna >>>> Borger >>>> *Subject:* RE: Toronto Office Space >>>> >>>> >>>> >>>> Thanks Cheryl, >>>> >>>> >>>> >>>> I will schedule accordingly. Let=E2=80=99s plan to meet at 10:00 AM Fr= iday in >>>> the lobby of 2323 Yonge St >>>> . >>>> >>>> >>>> >>>> Thanks, >>>> >>>> Kirk