REAL FACILITIES INC. COMPLETES
LEASE AGREEMENT FOR WORKBRAIN INC.
TORONTO, November
13, 2001 - RF Real Estate Inc., the exclusive real estate brokers of Real
Facilities Inc., (www.realfacilities.com),
has completed an expanded 16,000 square foot lease agreement for Workbrain
Inc. at 250 Ferrand Drive, Toronto.
"Using our Needs
Analysis Tool, we assessed Workbrain's current and future space needs
and then coupled the results with the latest
market information based on available space and comparable transactions,"
says Real Facilities founder and president Stan Krawitz. "We "We
then engaged in complex negotiations with the head landlord and another
tenant in the existing building to conclude a lease agreement that provides
Workbrain maximum flexibility and competitive financial terms."
Workbrain's expanded
facility gives the Company the flexibility needed to accommodate its growth
as the leading provider of employee relationship management software to
large global corporations.
"Real Facilities
represented our best interests throughout the entire process with diligence,
tenacity and commitment," adds Workbrain's,
executive director Martin Ossip. "Their attention to detail, market
and financial analysis were of the highest standard and were always on
our
side of the negotiating table. The competitive scenario that Real Facilities
created to leverage our tenancy in the marketplace positioned us on an
equal footing with the landlord."
Real Facilities provides
corporate space users with one-stop facilities shopping by leveraging
the power of the Internet. The Company's
FLOW(tm) system and proprietary software solution simplifies the real
estate processes of Finding, Leasing and Outfitting corporate spaces so
businesses move in Work-ready and fully operational in real time. The
new lease agreement was co-brokered with CB Richard Ellis.
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About Real Facilities
Inc.
Founded in September 2000, Real Facilities is a business that provides
corporate space users with one-stop shopping for their ideal corporate
facility. The Company's FLOWTM system and proprietary software
solution simplifies the processes of Finding, Leasing, Outfitting corporate
spaces so businesses move in Work-ready and fully operational in real
time. Consisting of a select group of commercial real estate professionals,
they leverage the power of the Internet to establish ongoing client relationships
rather than one time deals. Visit Real Facilities at www.realfacilities.com.
About Workbrain, Inc.
Workbrain's Employee Relationship Management (ERM) software applications
automate the most frequent and complex interactions between an enterprise
and its employees, including time and attendance, training registration,
scheduling, skills management, surveys and testing. Workbrain's flagship
product, ERM 3.0, is built on the J2EE platform for rapidimplementation-enabling
companies to reduce costs, increase productivity and realize a substantial
return on investment. ERM 3.0 integrates with a company's existing technology
investments and scales to meet the needs of hundreds of thousands of users.
As a result, Global 2000 customers such as British Airways, C&S Wholesale
Grocers, Levi Strauss & Co. and Russell Corporation have chosen Workbrain's
industry standard ERM solution. For more information, please visit us
at www.workbrain.com.
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