Newmark Knight Frank Devencore

Newmark Knight Frank Devencore

March 24, 2010 07:30 ET

Newmark Knight Frank Devencore Client Signs on as Lead Tenant at First Meadowvale Centre Phase II

Golder Associates consolidating its Mississauga operations in new LEED-certified development

TORONTO, ONTARIO--(Marketwire - March 24, 2010) - Newmark Knight Frank Devencore announced today that Golder Associates Ltd. (Golder Associates) has signed on as the lead tenant in Mississauga's newest office tower, First Meadowvale Centre Phase II. After a strategic consulting process completed by Newmark Knight Frank Devencore, Golder Associates has committed to consolidate and relocate its Mississauga operations in the 10-storey, 250,000 square foot development. First Meadowvale Centre Phase II, which is being constructed by First Gulf Corporation, is targeting Leadership in Energy and Environmental Design (LEED) GOLD certification. Golder Associates will occupy at least 115,000 square feet of office space in this Class A building, which will be completed in 2012.

The Toronto office of Newmark Knight Frank Devencore was engaged in 2008 by Golder Associates as its exclusive strategic real estate services advisor and brokerage across Eastern Canada. Golder Associates is an international consulting firm operating out of 160 offices worldwide. The Company specializes in integrated ground engineering, energy and environmental services for some of the world's major economic drivers: Oil and Gas, Mining, Manufacturing, Power, Transportation and more.

"With significant long-term growth expectations, Golder Associates decided to consolidate its Mississauga operations under one roof, and the relocation to First Meadowvale Centre Phase II addresses this need perfectly," said David Fullerton, Senior Vice President of Newmark Knight Frank Devencore.

"As the signature tenant in this new tower, Golder Associates will benefit from a state-of the-art building infrastructure and an environmentally-friendly workplace that will foster productivity for its staff. Additionally, the consolidation will help to generate new operating efficiencies," added Rob Renaud, Vice President, Advisory & Corporate Services at Newmark Knight Frank Devencore.

"The space working group at Golder Associates appreciate the terms Newmark Knight Frank Devencore was able to negotiate and the fact that the firm was able to assemble the right team to handle all aspects of the project. Newmark Knight Frank Devencore's dedication and service throughout the process of completing the negotiations for our relocation has been excellent," said Sean McFarland, Managing Principal GTA & Ontario Operations for Golder Associates Ltd.

Devencore and Golder Associates have enjoyed a close working relationship to ensure that best practices are applied to each individual Golder Associates office in Eastern Canada.

About Golder Associates Ltd.

Golder Associates is a global integrated consulting and specialist contracting firm in ground engineering, environmental and energy services. Employee owned since its formation in 1960, Golder Associates now employs over 6,500 people who operate from more than 160 offices located throughout Africa, Asia, Australasia, Europe, North America and South America.

About First Gulf Corporation

First Gulf, founded in 1987, is a recognized and respected name in the office, retail and industrial real estate development business. First Gulf has developed and constructed over 25 million square feet of office, retail and industrial real estate with a value in excess of $1.5 billion.

About Newmark Knight Frank Devencore

Devencore is the Canadian partner of Newmark Knight Frank, one of the largest independent real estate service firms in the world. Newmark Knight Frank Devencore is Canada's largest corporate real estate advisor and brokerage exclusively representing corporate, industrial and retail space users. With offices across the country, Newmark Knight Frank Devencore offers its global clientele comprehensive services that are individually designed to ensure executive real estate decisions are supported by effective strategies and professional execution.

Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide.

To learn more about our capabilities, please visit www.devencorenkf.com.

Contact Information

  • Newmark Knight Frank Devencore
    Allan Schaffer
    President / Broker of Record
    416-366-0366, ext. 231
    aschaffer@devencorenkf.com
    or
    Newmark Knight Frank Devencore
    Sylvie Bachand
    Director, Marketing and Communications
    514-392-1330, ext. 225
    sbachand@devencorenkf.com