Assent Compliance required a new location to accommodate rapid growth and offer a positive and modern environment to its employees.
Background
Assent Compliance is a rapidly growing company that develops elegant software to help businesses automate their compliance review processes.
Challenge
As trusted partner of thousands of organizations across the globe, Assent has had to manage a rapidly growing head count in the Ottawa area. In order to satisfy its expanding office, Assent wanted to secure a location that would offer a positive and modern environment to its employees, and allow for phased future growth on an as-need basis.
Strategy
Our team had worked with Assent through some smaller expansion projects in advance of becoming involved. We knew that the positive and entrepreneurial culture of their organization was seen as being very important to carry forward. We also knew that Assent needed a space that had significant infrastructure, capable of supporting a dense head count and a secure environment. By canvassing the market and identifying options that were a-traditional, we were able to find a space that met the aesthetic and technical objectives. Because of the unique nature of the space, the Landlord for the property was anxious to execute a transaction; and therefore more likely to offer favorable inducements and terms.
Results
Assent compliance was able to secure a 42,000 sf facility that had formerly been occupied by a TD Banking business unit. The space was designed to an open concept modern standard, including high end finishes and all of the security features necessary to support Assent’s business. The Landlord of the facility offered a phased-in rent structure to assent and allowed for a right of termination, which significantly reduced Assents risk in entering into the lease commitment.