Cushman & Wakefield (NYSE: CWK) recently represented Microsoft in its 132,000-square-foot (sf) Canadian headquarters lease in downtown Toronto. Microsoft was represented by Kent Foster from the firms Global Occupier Services team, and the Toronto leasing team of Derek Snyder, Cameron Mitchell, Sabrina Oliver and Craig Trenholm.
The team developed and implemented a complete consolidation and relocation strategy for the technology companys new headquarters at 81 Bay Street (CIBC SQUARE).
We thank Microsoft for the opportunity to work on something truly world class here, and we look forward to building off this successful project to further strengthen our partnership, said Foster.
Toronto is one of the fastest-growing tech hubs in North America and because of that, we are seeing an unprecedented tight office market, said Snyder. Having a clear understanding of Microsofts goals coupled with our deep experience of navigating these tight market conditions, we delivered an optimal occupancy solution for Microsoft that also meets the companys business needs.
Microsoft will be consolidating two of its locations, including its current headquarters, into 81 Bay Street, where the company will occupy four high-rise floors of the tower that is currently under construction. The new office will also include a state-of-the-art Technology Centre, a designated space to showcase Microsoft technology to customers and partners.
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Location was paramount for Microsoft, as many of the companys key customers are in Torontos downtown core. CIBC SQUARE is adjacent to Torontos major transportation hub, Union Station, where employees and customers can easily access the GO Train, TTC and Via Rail, and is also in proximity to Billy Bishop Toronto City Airport. Central to amenities such as restaurants, shopping, live entertainment and sporting venues, this location is well-situated to attract and retain top talent.
In the past eight years, Cushman & Wakefield has been involved in launching 85 percent of the new office towers in downtown Toronto. Microsoft will take occupancy in the fall of 2020.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Source: Cushman & Wakefield
Cushman & Wakefield
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