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Welcome to NAI Park Capital’s Blog!

Thank you for visiting our blog! Here, we will be posting articles that we hope will be of interest to you. You will be able to find information about what we at NAI Park Capital are up to, as well as information affecting commercial real estate in southwestern Ontario.

We hope you will find this Blog informative and useful, and invite you to come back often to see what’s new.

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Michael Merker, CCIM
Broker of Record

Guelph Police Headquarters Renovation

Guelph Police Station

About the project

Guelph is a growing city. To keep pace and continue providing high quality police services, the Guelph Police Service (GPS) is growing too.

GPS headquarters is undergoing an expansion and renovation to meet the needs of our community’s police services today and 25 years from now. This work will bring the facility up to today’s health and safety standards, provide the appropriate space—long-term—for police operations and personnel, and replace the building’s aging equipment.

The headquarters building is located at 15 Wyndham Street South, and bounded by Fountain, Freshfield and Farquhar streets.

Top Commercial Real Estate Marketing Trends in 2016

In 2016, the commercial real estate market is expected to grow while demand strengthens. For that reason, it is extremely important that you stay ahead of the curve, especially in this digital age. The best way to accomplish this is by learning some of the more effective marketing ideas specific to the real estate market.

Well-Designed Website

Of all your digital marketing efforts, your website is the hub. According to the latest statistics, 80 percent of investors and tenants conduct searches for commercial real estate using the Internet. Therefore, your website is critical when it comes to brand visibility. With a well-designed website, the volume of traffic will increase and a greater number of visitors will convert to actual customers.

  • Responsiveness—Most importantly, make sure your website is designed for mobile users. Today, a greater number of people use mobile devices instead of computers for online searches. Therefore, be sure to optimize the site for all mobile platforms. That way, your brand and services are communicated effectively.

If you retire and move abroad, should you sell your home in Canada?


Guadalajara Urban Scene (uros ravbar/Getty Images/iStockphoto)

For Barbara and Alex Sgroi, the decision to sell their home in Canada and retire abroad wasn’t so much about leaving Canada as it was about finding their place in the sun.

“We were itching for a change, looking for an escape from winter,” Mrs. Sgroi says.

Friends of theirs had talked fondly of their experiences in Ajijic, a town of 11,000 in Mexico on the shores of Lake Chapala, near Guadalajara. After searching real estate websites, they stumbled upon an idyllic villa, complete with pool and palm trees. Two weeks later they’d bought the place.

“We chose Mexico because it was affordable and driveable,” Mrs. Sgroi says. “We could drive down with our dog and all our stuff packed in the car.”

Developer aims to expand retail in Guelph’s West End

Ten years after it did its last comprehensive review of Guelph’s commercial scene, city hall is gearing up to do another as it also considers a proposed expansion of the commercial floor-space limit for the west end’s main shopping area.

“I think it’s fair to say the retail landscape has changed in Guelph since 2006,” when the city’s last comprehensive commercial review was done, Coun. Cathy Downer said at Monday’s council meeting.

Senior development planned Lindsay Sulatycki responded that the city’s planning department is preparing to do another review soon.

Waterloo looking at new zoning rules to control density

Waterloo City Hall

Mathew McCarthy,Record file photo

WATERLOO — Proposed new zoning rules in Waterloo would more strictly control development in low density residential neighbourhoods.

Trevor Hawkins, manager of applications and implementation at the city, said the proposed rules give existing residents more certainty about the types of development they might see in their neighbourhoods.

“This way council will have a bit more control over where they could focus the more intense low density uses … and put them in specific areas,” he said.

Conflict between existing traditional residential neighbourhoods and new development has been a recurring issue in Waterloo as some residents and politicians push back against dense projects that seem out of place.

NAI Park Capital negotiates new lease with retail store fixture manufacturer in Guelph, Ontario

589-Massey-Rd-250x150-webGUELPH, ONTARIO, CANADA: NAI Park Capital is pleased to announce the completion of a newly negotiated lease with Kooiman Industries Limited for 20,390 square feet of industrial and office space located at 589 Massey Rd., Guelph, Ontario, bringing the property to 100% occupancy. Kooiman Industries Limited is consolidating two separate locations into one building, and relocating to Guelph from an outside municipality.

Michael Merker, CCIM represented the Landlord in the transaction.

The property is managed by Orbis Property Management on behalf of an overseas investor.

The little city that could: How Guelph got the lowest unemployment rate in Canada

linamarWhile much of the country is facing ever-increasing unemployment, there’s a little bright spot in southern Ontario. The small city of Guelph currently has the lowest unemployment rate in Canada, at 3.9 per cent, much less than the national rate of 7.3 per cent.

This isn’t new either – Guelph, with a regional population of roughly 140,000, has consistently enjoyed one of the lowest unemployment rates in Canada over the past year.


Image Source: THE CANADIAN PRESS IMAGES/Stephen C. Host


Subordination clauses: Get your priorities straight

Imagine this: you find your business client a great place, at a great location, at a below market rate. Your client poured money into tenant improvements because they plan to stay there forever. And why wouldn’t they? The rent is so cheap and the location is great! But, we all know that if it’s too good to be true…

Just after your client does a full launch of his business, the landlord’s lender tells him that his lease is terminated and he is evicted.

Do they have the right? Does your client have to leave?

Work may finally get underway on Guelph’s $2.1 million train station renovation

trainstationCity hall is hoping to finally start renovation work on the Guelph Central Train Station this spring, four years after opening the central bus and train station on Carden Street in May of 2012.

The city announced Friday that it was releasing a tender for a general contractor to start renovation work at the historic train station, which used to be owned by VIA Rail and is now owned by the city.

“The renovation to Guelph Central Station will improve our city’s intermodal transportation hub by creating a shared space for Guelph Transit, Greyhound Canada, GO Transit and VIA Rail services that’s accessible and convenient for all riders,” Mario Petricevic, the city’s general manager of facilities management, said in a news release.

Transit hub planned for downtown Kitchener, Ontario

transit-hubThe Region of Waterloo, which includes the twin cities of Kitchener and Waterloo in Southwestern Ontario, plans to build a $43 million dollar transit center to connect with the city’s new ION LRT line, currently under construction.

Council recently voted to proceed with a design-bid-build process, and to contact the provincial agency Infrastructure Ontario to assist with procurement. The cost includes the cost of transit infrastructure, procurement and parking. The Region is seeking funding from the provincial and/or federal governments before the project receives the green light.

The center will be located on the southeast quadrant of King Street (Kitchener-Waterloo’s main north-south street) and the former CN Toronto-London Guelph Subdivision. This line is currently used by VIA trains and two weekday GO Transit rush hour runs, which will soon be increased to four. Apart from the LRT, GO and VIA trains, Grand River transit buses, the local operator of city routes, will use the center.