The Client
Goodfood Market Corp. (TSE: FOOD) is a publicly traded online grocery provider. Goodfood provides farm fresh ingredients and original recipes to be delivered directly to their customer’s doorstep.
Stories
Goodfood Market Corp. (TSE: FOOD) is a publicly traded online grocery provider. Goodfood provides farm fresh ingredients and original recipes to be delivered directly to their customer’s doorstep.
With an ambitious growth plan, Goodfood needed an external real estate advisory lead to assist with a Canada wide real estate facilities plan.
The real estate lead would need to ensure control of capital investment in new properties. To meet the company’s growth objective and maximize ROI, the lead would therefore have to procure sizeable tenant improvement allowances.
Jesse Micak and Aaron Enriquez were hired by Goodfood to assist in the procurement of facilities across Canada and achieve the following:
The team found and negotiated the lease for multiple facilities across Canada, totaling over 800,000 SF of rentable area. The team successfully negotiated all new leases over a 3-year timeframe. Appreciating market dynamics, the main objective in each location was to: