Toronto, Ontario (April 14, 2016) – Ashlar Urban Realty Inc., a firm instrumental in the growth of the King West district, was retained in 2015 by Shopify to assist in the search for a new home for its Toronto Headquarters that could accommodate their growing business. A combination of location, growth opportunities, branding, building quality and a need for unique design played a role in determining each option’s suitability for Shopify’s new flagship office.
After the completion of our joint analysis, extensive due diligence process and lease negotiations, Ashlar Urban Realty would like to congratulate Shopify on securing its new 112,000 SF Toronto Headquarters, the King Portland Centre at 620 King Street West.
The full story behind the deal is featured on Bisnow and can be read here.
“Shopify is a very unique company in that they truly understand the importance of creating a good culture through their office environments. The fact that King West is downtown Toronto’s new live, work and play environment is very suiting to the young, vibrant and innovative culture that Shopify exemplifies. It couldn’t be more fitting to have one of Canada’s leading tech companies to kick-off the development, and be the lead tenant in, what will certainly become King West’s new premiere office address.”
– Michael Scace, Shopify Transaction Lead, Partner at Ashlar Urban