MBM Intellectual Property Law is one of Canada’s leading law firms, specializing in intellectual property protection. MBM’s professionals take great pride in matching their clients’ creative thinking with the creative protection needed to achieve their goals. In order to continue to foster a culture of excellence within the firm, the partners of MBM decided they needed to transition to new accommodations, which were custom designed for their purposes.
The Team was engaged to find MBM a custom built leased office space that incorporated a design that would support MBM’s corporate culture.
Being a well-established professional services firm, the partners of MBM wanted to leave a door open for purchasing a building in the event that they were to find something that was suitable within their preferred geographic parameters.
Using their knowledge of the market, the team was able to identify a building that had been vacated by its major tenant, resulting in an 85% vacancy rate. Our team worked in collaboration with the partners of the firm to develop a negotiations strategy. Together, they leveraged the building vacancy rate, soft market conditions and numerous competing offers, to secure an extremely favorable agreement, from a financial and non-financial perspective.
MBM Intellectual Property Law was able to transition into custom built offices for an extremely favorable rental rate, with a lease that will allow them the flexibility they were seeking in the event that the firm should choose to purchase a building.