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Client

Moen Canada

Space

197,500 sq. ft.

Industry

Industrial

Services Provided

Transaction Management

Cresa Team

Cresa Office

Toronto

client objectives and results

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Client Objectives

As the #1 faucet brand in North America, Moen offers a diverse selection of products for residential and commercial applications.
Moen opened a new e-commerce line, requiring additional space to accommodate the expansion.
The existing location was a 179,000 SF facility with 3 years of term remaining.
Moen wanted to avoid the challenge of opening a new location, and having to rebuild a large amount of office space.

Results

Cresa utilized a three-phased process to survey on and off-market opportunities.
This resulted in an 18,631 SF expansion in the existing facility, while also extending Moen's lease long-term.
Cresa was able to negotiate below market rents, lease, flexibility, and arranged for landlord responsibility of capital items such as the roof.

I was very impressed with the Cresa team. They understood our business and became an integral partner in helping us realize our future requirements. Steve was very candid with the available options. I felt he had our best interest in mind and was immediately accessible throughout the entire process.
Moen Canada
Moen Canada