FILM @ 11

Late Breaking News at The Aldgate Group

Spring approaches. Here I am on the coldest day of this winter trying to find excuses to stay indoors in my cosy warm office. This newsletter is my excuse. At Aldgate this year we really can't complain. We have had an amazing fall and winter in our leasing department. Between June/96 and February/97 we've done over 55 deals at our major property, The Aldgate Corporate Centre. Our total leasing activity was in excess of 155,000 square feet. This activity is broken down as follows: Renewals: 48,000 sq.ft. Expansions: 40,000 sq.ft. New Tenants: 68,000 sq.ft. We are also seeing the net effective rents going up. ("net effective" = the actual net Rent after all leasing costs are deducted, i.e. leasing commissions and Tenant improvements) This flurry of leasing activity has done wonders for our vacancy rate.

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OFFICE SPACE From an overall high of 24% vacancy registered back in October/96 for our office space, our current vacancy rate has dropped to just below 10%! In addition to filling some larger blocks of office space, we continue to do quite a few smaller deals in the 400 to 2,000 square feet range that tend to add up quickly. Our "Mini-Suites" have been very successful and we always have one or two of these flexible little suites available in our inventory. No deal is too small for us.

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INDUSTRIAL SPACE With the Province of Ontario not renewing their 45,000 sq. ft. lease at 1220 Markham Rd, we were faced with a major vacancy looming. However, we are pleased to announce that we have successfully pre-leased the entire building to two tenants prior to the expiry of the current lease! Our current industrial vacancy is a respectable 5%. Our smallest available unit is 4,000 sq.ft. and our largest contiguous space available is 10,000 sq.ft. Please call for details. We do have some 15,000 sq.ft. Units coming available in September and would be pleased to tell you more about them.

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CHECK IT OUT - WE HAVE SPACE! If you are interested in office or industrial space in north-east Metro, you should be talking to Aldgate. Please phone us at 431-9622 and we will fax you our current listings right away! Brokers Protected. I enjoy hearing from real estate friends I haven't seen in ages and former tenants who just phone to say hello. I am always looking for material, so if you have an article you'd like published, please call me. Get your creative juices going and send me some stuff! Please stay in touch and as Red Green says, "Keep your stick on the ice". - Steve Goldberger, President, The Aldgate Group

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WELCOME NEW TENANTS We welcome all of our new tenants. To name a few: Laser Force, Academy of Learning, Watkins Wilson & Assoc., Int. Institute of Travel, Skyroute Travel, Tech Web, Computeach, Progress Career Planning, We also thank the following tenants for their recent renewals and expansions: Bank of Montreal, Hair & Faces Int., Eric Bowman, Farber & Ceresney, Dr. P. O'Connell, Aimco Labour Lease, Casio Canada, Parker Insurance, Dr. Gary LuePann, Karen Claassen, RMT, MDS Inc., World of Wheels, Dr. Cramer, The Pharmasource, Lacour Canada, Capital Office Equipment, Domino's Newsstand.

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ALDGATE ON THE NET Well we finally did it. We're on the net. While we at Aldgate have been pretty technologically advanced since the first PC's were introduced in the early �80s, we've shied away from the net until just about a month ago. Now that we've found it though, we can't stop cruisin' around. We've also started working on our own home page which we welcome you to visit from time to time to see how it progresses. Try us at http:// www. netcom.ca/~aldgate. Eventually on the Aldgate home page you will be able to find our up to date available space listings, full information and details on each of our properties, the latest "Film @ 11" newsletter, and other interesting stuff going on here. For now you can find a brief introduction to Aldgate and a fun list of Steve's Favourite Links. (Some are very silly indeed!) So please check us out. Our E-Mail address is: [email protected] if you just want to send us some quick correspondence.

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Film at 11 is published from time to time and for no particular reason by the Aldgate Group and distributed to the Real Estate Brokerage Community and to our clients. We hope you enjoy our little rag and we welcome your input. Please send us your comments, complaints or suggestions. We are always looking for ways to improve our service. Our goal is to the best "Landlords" in town. We can be reached at: 2100 Ellesmere Rd., Suite 200 Toronto, ON M1H 3B7 ph: 416-431-9622 fax: 416-431-9797 Email: [email protected]

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Page created by: [email protected]
Changes last made on: Wed Mar 19 17:10:57 1997