Transaction Management
ZONING CHANGE AND BETTER LEASE TERMS FOR A GREATER LOCATION
 

The Challenge

Our client was seeking to relocate its branch in a new St-Hyacinthe development. Landmark’s research team found an appropriate site, a standalone building in the automotive node of the city. However, the current zoning bylaws did not permit the client’s use in that area.

 

The Solution

Landmark applied for a zoning change with the city of Saint-Hyacinthe, maintained a direct line of communication with city officials and the municipality, coordinated the new site negotiations, construction, and financial analysis while securing a short term renewal with the current landlord to ensure a smooth relocation process and operational transition.

 

The Result

Landmark secured a new location with greater accessibility, parking and exposure while receiving final acceptance of the zoning change. Furthermore, the landlord completed over $200,000 in renovation work including base building and tenant improvements at landlord’s costs. Such work will ensure client’s operational efficiency and increase financial profitability.

Furthermore, Landmark has negotiated better terms and conditions than what was originally paid in previous location, reducing the rent by 18% for the first 5 years.