Mississauga Distribution Centre — Peel Region
A national e-commerce tenant secured a 7-year renewal well below the landlord's aggressive ask.
$54M
Deal Value
380,000 SF
Square Footage
The Asset
- Address: Mississauga, Peel Region
- Size: 380,000 sq. ft. distribution facility
- Land: N/A — leasehold
- Price: $54M (lease value)
Specialized dock infrastructure made relocation cost-prohibitive, requiring a strong negotiation strategy.
The Challenge
The landlord was seeking a 38% rent increase at lease expiry. Relocation was not viable due to specialized dock infrastructure, leaving the tenant exposed without a skilled advocate.
The Solution
Michael conducted a thorough market survey and leveraged two genuine relocation alternatives to reset the negotiation dynamic. A phased rent schedule bridged the gap between both parties.
Results at a Glance
Location
Mississauga, Peel Region
Size
380,000 sq. ft.
Landlord Ask
+38% rent increase
Result
+18% increase
Lease Term
7 years
TI Secured
$4.2M landlord-funded
"Renewed at 18% — half the landlord's ask — plus $4.2M in capital improvements."
Work with Michael Law
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