London Commercial Realty Inc.

About London Commercial Realty Inc.

London Commercial Realty Inc. (LCRi) is an independent brokerage and commercial real estate specialist located on Jarvis St in the Cranbrook neighbourhood of London. The firm serves a diverse clientele, including tenants, landlords, buyers, and sellers throughout southwestern Ontario. They provide a full range of services for those looking to buy, sell, or lease property, with a particular focus on small- and medium-sized businesses. The company offers comprehensive real estate services, including property valuation, negotiation, and closing. For tenants, they provide a structured process that includes initial consultations to inspect current facilities, determine new requirements, and discuss lease versus purchase options. Their tenant representation involves searching properties via various databases, investigating zoning aspects, and conducting comparative market analyses. For those interested in business transactions, LCRi offers business brokerage services through its division, Beacon Southwest. This includes the sale of various types of entities, such as industrial plumbing and HVAC companies, motorcycle dealerships, outdoor sports manufacturers, and software companies. Founded in 1999 by broker Rick Odegaard, the firm was established to provide competent and confidential services to the local business community. LCRi describes itself as a boutique firm that prioritizes discretion to prevent competitive interference during transactions. In 2014, the company expanded its capabilities by acquiring the license to represent the well-established Toronto business brokerage, Beacon Corporation, in southwestern Ontario. This division is currently managed by Mike Evans, a chartered accountant with over 30 years of experience. LCRi utilizes a suite of investment analysis tools to assist clients with development proposals or income property acquisitions. While they provide opinions of value for a fee and perform informal analyses to determine market lease rates, they refer clients to accredited professionals for formal appraisal work. The firm emphasizes educating tenants on real estate terminology and contract conditions to ensure they are well-represented when negotiating with sophisticated landlords.