I oversee the Ontario market but if the lease requires a signature from
anyone in Canada then yes that would be Tim.
On Tue, Jan 9, 2024 at 11:43 AM Madonna Borger <madonna.borger@thekey.com>
wrote:
> Tim,
> Cheryl would be the point of contact for this location in Toronto, correct?
>
>
> On Mon, Jan 8, 2024 at 6:10 PM Baylis, Kirk @ Toronto DT <
> Kirk.Baylis@cbre.com> wrote:
>
>> Madonna,
>>
>>
>>
>> Please find attached the NDA which is now populated with the correct
>> entities.
>>
>>
>>
>> Can you please confirm who I should include for contact information as
>> per the highlighted area in Section 14?
>>
>>
>>
>> RioCan also wanted to confirm that the Key is indeed “SJD Services” as
>> opposed to maybe “SJD Services Inc.”
>>
>>
>>
>> Can you also please send articles of incorporation so RioCan can see when
>> the company was formed?
>>
>>
>>
>> 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 <Kirk.Baylis@cbre.com>*
>>
>> *Sales Representative
>>
>>
>>
>> *From:* Madonna Borger <madonna.borger@thekey.com>
>> *Sent:* Monday, January 8, 2024 3:22 PM
>> *To:* Baylis, Kirk @ Toronto DT <Kirk.Baylis@cbre.com>
>> *Subject:* Re: The Key - Toronto Office Space
>>
>>
>>
>> *External*
>>
>>
>>
>> Great.
>>
>>
>>
>> On Mon, Jan 8, 2024 at 12:19 PM Baylis, Kirk @ Toronto DT <
>> Kirk.Baylis@cbre.com> wrote:
>>
>> Thanks – I will have the landlord sign off.
>>
>>
>>
>> *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 <Kirk.Baylis@cbre.com>*
>>
>> *Sales Representative
>>
>>
>>
>> *From:* Madonna Borger <madonna.borger@thekey.com>
>> *Sent:* Monday, January 8, 2024 3:17 PM
>> *To:* Baylis, Kirk @ Toronto DT <Kirk.Baylis@cbre.com>
>> *Subject:* Fwd: The Key - Toronto Office Space
>>
>>
>>
>> *External*
>>
>>
>>
>> fyi
>>
>> ---------- Forwarded message ---------
>> From: *Steve Koyanagi* <skoyanagi@thekey.com>
>> Date: Mon, Jan 8, 2024 at 12:13 PM
>> Subject: Re: The Key - Toronto Office Space
>> To: Madonna Borger <madonna.borger@thekey.com>
>> Cc: Legal <legal@thekey.com>
>>
>>
>>
>> Good to move forward.
>>
>>
>>
>> On Mon, Jan 8, 2024 at 12:07 PM Madonna Borger <madonna.borger@thekey.com>
>> wrote:
>>
>> Are we good with their NDA document? This is for a new site in Toronto
>> that we are trying to complete.
>>
>>
>>
>>
>>
>> ---------- Forwarded message ---------
>> From: *Baylis, Kirk @ Toronto DT* <Kirk.Baylis@cbre.com>
>> Date: Mon, Jan 8, 2024 at 12:05 PM
>> Subject: RE: The Key - Toronto Office Space
>> To: Madonna Borger <madonna.borger@thekey.com>, Timothy Thomas <
>> tt@thekey.com>
>> Cc: Cheryl Cartwright <ccartwright@thekey.com>, Fuller, Lauren @ San
>> Diego <Lauren.Fuller@cbre.com>
>>
>>
>>
>> Hi Madonna,
>>
>>
>>
>> The landlord has proposed using their standard NDA (attached) for review
>> of The Key financial statements. Please have your lawyers review and let me
>> know if this document is suitable.
>>
>>
>> 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 <Kirk.Baylis@cbre.com>*
>>
>> *Sales Representative
>>
>>
>>
>> *From:* Madonna Borger <madonna.borger@thekey.com>
>> *Sent:* Friday, January 5, 2024 11:25 AM
>> *To:* Timothy Thomas <tt@thekey.com>
>> *Cc:* Cheryl Cartwright <ccartwright@thekey.com>; Baylis, Kirk @ Toronto
>> DT <Kirk.Baylis@cbre.com>; Fuller, Lauren @ San Diego <
>> Lauren.Fuller@cbre.com>
>> *Subject:* Re: The Key - Toronto Office Space
>>
>>
>>
>> *External*
>>
>>
>>
>> Sure that would be great.....
>>
>> I have the US regus account but i dont think i have access to Canada's
>> account. Is there a way to give me access?
>>
>>
>>
>> On Fri, Jan 5, 2024 at 8:23 AM Timothy Thomas <tt@thekey.com> wrote:
>>
>> Madonna, We have a regus account in Montreal and could help set up a
>> space if needed - let me know.
>>
>>
>>
>> On Fri, Jan 5, 2024 at 11:19 AM Cheryl Cartwright <ccartwright@thekey.com>
>> wrote:
>>
>> Thank you for the update. Based on this information, what do you foresee
>> as being a reasonable move in date for the space?
>>
>>
>>
>> Madonna, can we arrange a Regis space for the week of January 15th? Or
>> Jan 22? I can work with Stephanie virtually the week of the 15th if need be
>> but it would be helpful to have a Regis space then week of Jan 22.
>>
>>
>>
>> Let me know your thoughts.
>>
>>
>>
>> Cheryl
>>
>>
>>
>> On Fri, Jan 5, 2024 at 12:09 PM Baylis, Kirk @ Toronto DT <
>> Kirk.Baylis@cbre.com> wrote:
>>
>> Hi Cheryl,
>>
>>
>>
>> Unfortunately, we still have not received the conditional agreement. The
>> landlord’s lawyers are also out of office until Monday, who need to review
>> the NDA to see The Key financials.
>>
>>
>>
>> When following up again this morning, I received the below response:
>>
>> *We appreciate your frustration in that we’re running up against the
>> clock here. I spoke to RioCan again this morning. The unfortunate reality
>> is that the signing authorities have been on vacation for the past couple
>> weeks.*
>>
>>
>>
>> *Given we received the signed offer on December 22nd and have 10 business
>> days to accept, that brings us to next Wednesday. We’re doing everything we
>> can to hit that date and have this go conditional ASAP. *
>>
>>
>>
>> *Feel free to give me a call to discuss. We will continue to press
>> forward.*
>>
>>
>>
>> Given this scenario, I would advise we will not gain possession of the
>> space by January 15th, as we still need to waive then have lawyers
>> review the formal lease.
>>
>>
>>
>> Apologies for the delay and I will continue to follow up daily to ensure
>> we get a response.
>>
>>
>>
>> Thanks,
>>
>> Kirk
>>
>>
>>
>> *Kirk Baylis*
>> CBRE Limited | Leasing & Investment Services
>> 145 King Street West, Suite 1100 | Toronto, ON M5H 1J8
>> <https://urldefense.com/v3/__https:/www.google.com/maps/search/145*King*Street*West,*Suite*1100**A7C*Toronto,*ON*M5H*1J8?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!Z5BhzZf7deTRAiQ0HWLBUPZAz9_4JvxslGyNIZ0i6lswnHkQPzUAslq6IOVhVQOTSvqSnqwbtnEEk28WTaWFyhKISQ$>
>> C +1 647 923 9243
>> *Kirk.Baylis@cbre.com <Kirk.Baylis@cbre.com>*
>>
>> *Sales Representative
>>
>>
>>
>> *From:* Cheryl Cartwright <ccartwright@thekey.com>
>> *Sent:* Friday, January 5, 2024 10:47 AM
>> *To:* Baylis, Kirk @ Toronto DT <Kirk.Baylis@cbre.com>
>> *Cc:* Madonna Borger <madonna.borger@thekey.com>; Timothy Thomas <
>> tt@thekey.com>; Fuller, Lauren @ San Diego <Lauren.Fuller@cbre.com>
>> *Subject:* Re: The Key - Toronto Office Space
>>
>>
>>
>> *External*
>>
>>
>>
>> Hi All,
>>
>>
>>
>> Are we all set for january 15th? I need to have some furniture delivered
>> and we have a new staff member starting Jan 15th also so I was hoping we
>> could have the space as of the 12th? How do we get keys etc. on the first
>> day?
>>
>>
>>
>> Cheryl
>>
>>
>>
>> On Tue, Jan 2, 2024 at 4:18 PM Baylis, Kirk @ Toronto DT <
>> Kirk.Baylis@cbre.com> wrote:
>>
>> Hi Madonna and Tim,
>>
>>
>>
>> The landlord should be executing our most recent submission for a
>> conditional deal.
>>
>>
>>
>> Their lawyers have been off for the holidays, and in order to execute the
>> NDA for financial review their lawyers need to review.
>>
>>
>>
>> I will continue to push for a response.
>>
>>
>> Thanks,
>>
>> Kirk
>>
>>
>>
>> *Kirk Baylis*
>> CBRE Limited | Leasing & Investment Services
>> 145 King Street West, Suite 1100 | Toronto, ON M5H 1J8
>> <https://urldefense.com/v3/__https:/www.google.com/maps/search/145*King*Street*West,*Suite*1100**A7C*Toronto,*ON*M5H*1J8?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!Z5BhzZf7deTRAiQ0HWLBUPZAz9_4JvxslGyNIZ0i6lswnHkQPzUAslq6IOVhVQOTSvqSnqwbtnEEk28WTaWFyhKISQ$>
>> C +1 647 923 9243
>> *Kirk.Baylis@cbre.com <Kirk.Baylis@cbre.com>*
>>
>> *Sales Representative
>>
>>
>>
>> *From:* Madonna Borger <madonna.borger@thekey.com>
>> *Sent:* Tuesday, January 2, 2024 11:51 AM
>> *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>
>> *Subject:* Re: The Key - Toronto Office Space
>>
>>
>>
>> *External*
>>
>>
>>
>> Sent back the signed LOI last week. I think Kirk was waiting to hear back
>> from the landlord.
>>
>> Thanks
>>
>>
>>
>> On Tue, Jan 2, 2024 at 8:44 AM Timothy Thomas <tt@thekey.com> wrote:
>>
>> Good morning and Happy New Year!
>>
>>
>>
>> Any developments with the negotiations?
>>
>>
>>
>> On Mon, Dec 18, 2023 at 3:17 PM Timothy Thomas <tt@thekey.com> wrote:
>>
>> Hi Kirk,
>>
>>
>>
>> I'm good with the suggested changes. Thanks!
>>
>>
>>
>> On Mon, Dec 18, 2023 at 8:31 AM Baylis, Kirk @ Toronto DT <
>> Kirk.Baylis@cbre.com> wrote:
>>
>> Madonna and team,
>>
>>
>>
>> Please see attached for the landlord’s counteroffer. Their key revisions:
>>
>> - Removed the 3 months of in-term free rent and moved this to 3.5
>> months of “out of term” free rent.
>> - Moved the possession date to Jan 15th as the lease process and
>> installing carpet can take a few weeks.
>> - This means we take possession Jan 15th with rent free occupancy
>> until May 2024. During this period, the tenant will have pay to hydro which
>> is approx. $1.50 per Sq. Ft. per annum.
>> - Lease term (3 years) May 2024 – April 2027
>> - They increased the rental rates – this was expe