Well-known Publishing Company Cresa

Client

Publishing Giant Company

Space

sq. ft.

Industry

Industrial

Locations

Greater Toronto Area

Services Provided

Lease Administration

Cresa Team

Maria Nenciu

Cresa Office

Toronto

client objectives and results

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Client Objectives

Cresa Toronto was asked by a well-known publishing company to review their main office’s financial obligations to ensure property taxes and operating expenses were properly charged.

Results

Cresa Toronto’s review uncovered multiple significant errors such as:
- duplicate administration fees
- recovery of hazardous material expenses
- recoveries of building exterior renovation, and more

When brought to the landlord’s attention, they immediately acknowledged the errors.
Cresa Toronto’s client was provided with a $96,000 credit.