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Softchoice

Softchoice is a leading North American provider of technology solutions and services, combining the efficiency and reliability of a national IT supplier with the personal touch and technical expertise of a local solutions provider. With more than 1,200 employees, Softchoice manages the technology needs of thousands of corporate and public sector organizations across the United States and Canada.

The Challenge

Softchoice has more than 40 office locations across the United States and Canada and needed to negotiate lease arrangements that provided maximum flexibility to meet its needs for future growth and expansion while also incorporating options to consolidate and reconfigure existing space to improve operational efficiencies.

Savills Studley’s Response

Initiating its FLOW™ process, Savills completed a detailed business strategy analysis, aligning Softchoice’s corporate business plan to a formalized real estate plan that defined short- and long-term space requirements. It then conducted an extensive search of market alternatives, creating a competitive environment to either negotiate and restructure Softchoice’s lease or relocate its operations to alternate premises.

The Solution

Savills renegotiated and extended the lease for Softchoice’s 90,000-square-foot corporate head office space at 173 Dufferin Street as well as its satellite office measuring approximately 35,000 square feet in Oakville, Ontario. These leases satisfy both short-term requirements and long-term objectives, providing fixed opportunities for both expansion and contraction at or below market rates.

Savills currently works with Softchoice’s internal team to manage the more than 40 locations in its portfolio. Additional leases have been negotiated in St. Louis, Boston, Milwaukee, Quebec City, Austin, Phoenix, Portland, Atlanta, Los Angeles, and LaJolla.

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Key contacts

Stan Krawitz

Stan Krawitz

Vice Chairman – Founder, Head of Canada

Savills Toronto

+1 416 480 0745 Ext. 3030

 

Ken Norris

Ken Norris

Senior Vice President, Branch Manager – Ontario Office

Savills Toronto

+1 416 480 0745 Ext. 3047

 

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