Real Facilities Inc.

Real Facilities Inc.

October 20, 2006 10:46 ET

Ontario's Ombudsman Taps Real Facilities Inc. for Corporate Lease Negotiations

TORONTO, ONTARIO--(CCNMatthews - Oct. 20, 2006) - Real Facilities Inc., (www.realfacilities.com), Toronto's most select group of real estate professionals, announced it has successfully completed the corporate relocation of the offices of Ombudsman Ontario. Ombudsman Ontario is an office of the Provincial Legislature, independent of the government and political parties. The Ombudsman's mission is to investigate complaints about provincial government organizations.

The Ombudsman's office considered a number of commercial real estate brokers for assistance in representing it in renegotiating its existing lease of approximately 30,000 square feet at the corner of Bloor Street and Queen's Park. After a long and extensive evaluation, the Ombudsman's office selected Real Facilities because of the organization's holistic and comprehensive approach to effective space selection and use.

"Real Facilities' turnkey approach is what really intrigued us," said Peter Allen, Director of Corporate Services, Ombudsman Ontario. "Critical in our selection process was that we did not want just another realtor. In fact that was one of the less important criteria in our long list. We wanted to align ourselves strategically with a real estate partner that understands our interests - a firm that would not delete us from their speed dial, after the transaction's close. From the start of discussions until after we had moved in, there was no detail Real Facilities did not manage."

Ombudsman Ontario, which employs 85 people, had two options with its lease up for renewal: renegotiate the lease at its current location or move to a new site. With those different options to consider, Ombudsman Ontario felt it was essential to leverage the services of an expert firm to help it make the right choice.

Once engaged by Ombudsman Ontario, Real Facilities quickly delivered a comprehensive needs analysis of the Ombudsman's then-present premises. Real Facilities' design team concluded Ombudsman Ontario would be able to reduce its space requirements by approximately 10,000 square feet if they were to relocate - a significant cost savings. Real Facilities then invited several building owners (including Ombudsman's then current landlord) to bid for Ombudsman's tenancy. This created a fully developed competitive bid environment, driving net effective rents to a new market low.

"In winning this very important and prestigious piece of business, we committed ourselves to protecting our client's interest through every phase and aspect of the real estate process," said Stan Krawitz, President, Real Facilities Inc. "Key for us was demonstrating a significant cost savings for our client, providing competent counsel, and leveraging their strength in the marketplace. And since we only represent tenants, we did it in a completely non-conflicted environment. We do not represent landlords; therefore, we are able to provide our user clients with unbiased advice. That, coupled with our undying pursuit of excellence throughout every stage of the real estate process is what really sets us apart."

About Real Facilities

Real Facilities Inc. (www.realfacilities.com) is a Toronto-based, employee-owned, group of corporate real estate professionals representing the best interests of corporate space users. Other service providers represent both landlords and tenants, buyers and sellers, and create a marked conflict of interest. Real Facilities represents its clients only. Real Facilities' process delivers tangible cost savings and productivity increases for its clients before, during, and following a move.

Real Facilities is proud to include companies such as LCBO, KIA Canada, Royal Bank of Canada, National Bank of Canada, Trillium Health Centre, Wal-Mart, Ombudsman Ontario, Fuji Photo Film, and VISION TV as its clients.

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