Getting to Green
The tenant, an international environmental consulting and engineering firm, occupied 6,180 square feet in a Class B building with limited "green" attributes in the Centretown submarket, located on the fringe of the Central Business District in Ottawa, Canada. The tenant mandated the Cushman & Wakefield Ottawa Green Real Estate Practice Group to advise it on the most suitable real estate strategy for renewal/expansion or relocation to approximately 7,500 to 8,500 square feet and on creating an environmentally sustainable work environment. During the course of the assignment, the tenant undertook a major merger, putting the space decisions on hold until the transaction was completed.
Upon completion of the merger and definition of the requirement moving forward, it was determined, due to geographic, market, and timing constraints, that renewal/expansion at the current location was the most suitable option.
Cushman & Wakefield Ottawa Green Real Estate Practice Group secured an advantageous rental rate for the tenant while expanding its occupancy by 8,250 square feet. To achieve the tenant’s sustainability objectives, we successfully negotiated with the landlord to implement an environmental certification program for the building. The Environmental Management Plan included green policies such as an improved recycling program, uses of no and low VOC products in common areas, and green cleaning practices, which provided the tenant with a healthier, more productive work environment.