Thinking Differently to Deliver Exceptional Results for IKEA Ottawa

New client, new opportunities

In 2018, Colliers’ Real Estate Management Services (REMS) group took over property management of IKEA properties in Ottawa.  When the global home furnishings company was looking for a leasing agent for one of their properties, a 77,791 SF retail space formerly occupied by Sears Canada, Colliers put together a unique proposal to help the company find the right tenant(s).

Collaboration key to exceptional results

Colliers Ottawa, led by Lee Lacombe and Colliers Toronto, led by Alanna Cantkier were brought in to evaluate the site, building a team with the right expertise, market experience and connections to deliver several options for the property.

Understanding unique needs to help achieve business goals

Before even listing the property, Colliers evaluated the entire site and presented IKEA with several options on how to move forward, including a top three tenant mix proposal. The team discussed the merits of every option based on the current market in order to maximize the value of the property. The client chose a solution that would ensure the entire plaza was improved by the incoming long-term tenant(s).