Downtown Office EXCLUSIVE LISTINGS NOVEMBER 2020
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Brookfield Place Calgary East Tower
BROOKFIELD PLACE CALGARY EAST TOWER UP TO 78,162 SF FOR SUBLEASE 225 - 6th Avenue SW CALGARY, ALBERTA ALEX BROUGH JAMES MCKENZIE CUSHMAN & WAKEFIELD ULC Executive Vice President Vice President 250 - 6th Avenue SW, Suite 2400 Calgary, Alberta T2P 3H7 403 261 1186 403 261 1140 403 261 1111 [email protected] [email protected] cushmanwakefield.com FOR SUBLEASE Brookfield Place Calgary - East Tower 225 - 6th Avenue SW | Calgary, AB Property Details Building Amenities Address 225 - 6th Avenue SW • +15 connected to Stephen Avenue Place & Year Built 2017 Bow Valley Square • Large urban plaza features a south facing Landlord Brookfield Place (Calgary) LP landscaped courtyard with extensive Property Management Brookfield Properties Canada seating and common areas Management LP • In-house Porter Service Total Building Size 1,417,577 SF • Bike storage facility/shower Number of Floors 56 • LEED GOLD Core & Shell Certification Average Floor Plate 26,300 SF - Low Rise 27,800 SF - Mid Rise Elevators 10 per rise Ceiling Height 9’ Parking Ratio 1:3,000 SF Leasing Particulars Sublandlord: Cenovus Energy Inc. Area Available: Fl 20: 26,477 SF SUBLEASED Fl 21: 26,474 SF SUBLEASED Fl 22: 26,473 SF SUBLEASED Fl 23: 25,755 SF SUBLEASED Fl 24: 26,412 SF Virtual Tour Fl 25: 25,704 SF Fl 26: 11,736 SF Fl 27: 27,521 SF SUBLEASED Fl 28: 14,310 SF Total: 78,162 SF Rental Rate: Market sublease rates Additional Rent: $19.35/SF (2021 LL estimate) Parking: 1 stall per 3,000 SF As at March 2020 Bike Facilities Plan FOR SUBLEASE Brookfield Place Calgary -
First Canadian Centre
FIRST CANADIAN CENTRE Class A SUBLEASE FLOOR 11 - APPROX. 6,000 SF Kendra Pinder John Stones 403.571.8085 403.571.8086 [email protected] [email protected] Features & AMENITIES Shared office scenario “Plug and play” option Mix of office and open area Shared reception area Furniture available Large conference facility available to tenants free of charge Building is centrally situated within walking distance to numerous amenities including retail, restaurants, banking, professional services and eateries Located directly on CTrain line Plus 15 connection to Intact Place, 444 Seventh, Dome Tower, Centrium Place Space PROFILE Sublandlord: Questfire Energy Corp. Subpremises: 11th Floor: Approx. 6,000 sf Availability: Immediately Elevator Lobby Term Expiry: July 30, 2019 Rental Rate: Market sublease rates T.I.A.: As is Op. Costs & Taxes: $22.10 per sf (est. 2017) Parking: 1 stall per 3,000 sf Building INFORMATION Address: 350 Seventh Avenue SW Reception Year of Completion: 1982 Number of Floors: 41 Rentable Area: 508,688 sf Ave. Floor Plate: 16,914 sf Security: Card Key Access HVAC: Mon-Fri: 8:00 a.m. - 6:00 p.m. Landlord/ Building Manager: GWL Realty Advisors Inc. Office Meeting Room Open Area N 11th Floor DETAILS 12 exterior offices 2 internal offices Open area Kitchenette Copy room File Storage APPROX. 6,000 SF Cresa Alberta Suite 1400, 606 - 4 Street SW 14 Prince’s Number of Floors Island Centre Street Bridge Plus 15 Connections Calgary, Alberta T2P 1T1 Estates Condo Proposed Plus 15 Connections Memorial Drive tel: 403.571.8080 Rest. One way Directions Condo Light Rail Transit cresa.com Condo Railway Princeton l & II Ea u The Waterfront Building / Future Development Claire Future Y.M.C.A. -
TD Square - Dome Tower 900, 335 8Th Avenue SW Calgary, AB T2P 1C9 the Dome Tower Offers Tenants Unprecedented Amenities and Convenience
DAN LANNON Senior Vice President | Partner 403 215 9865 [email protected] JIM REA Executive Vice President | Partner 403 215 7250 [email protected] FOR SUB-SUBLEASE | 333 7th Avenue SW, Calgary, AB Colliers International TD Square - Dome Tower 900, 335 8th Avenue SW Calgary, AB T2P 1C9 The Dome Tower offers tenants unprecedented amenities and convenience. Located at the www.colliers.com/calgary core of downtown Calgary’s financial and retail centres, the location provides convenient +1 403 266 5544 transportation and parking with direct access to the adjacent east/west LRT and to the neighbouring developments via Calgary’s Plus 15 and Plus 30 walkways. World class accommodations are within a few blocks at the nearby Sheraton, Hyatt, Fairmont Palliser and Westin Hotels. Direct access to The CORE Shopping Centre and Stephen Avenue pedestrian mall provides tenants to easily experience Calgary’s premier retail shops, restaurants and entertainment. Accelerating success. FOR SUB-SUBLEASE | 333 7th Avenue SW, Calgary, AB Sub-Sublease Information Available Sub-Subpremises Suite 2650 - 4,976 square feet Sub-Sublandlord Chronos Resources Ltd. Annual Net Rent Market Rates Operating Costs and Taxes $18.09 per square foot (2019 estimate) Term of Sub-Sublease November 30, 2022 Occupancy Date Immediate Parking 1 reserved parking stall available Building Details Constructed 1976 Rentable Area 399,800 SF Average Floorplate 14,300 SF Suite 2650 - 4,976 SF • 10 exterior offices Number of Floors 33 • 3 interior offices • reception Landlord AIMCo -
SPRAGUE-ROSSER CONTRACTING CO. LTD., SPRAGUE-ROSSER DEVELOPMENTS INC., PACIFIC FEDERATION EQUITY GROUP INC., JEFFERY JESSAMINE, DANIEL EDWARDS and MATTHEW MACKAY
COURT FILE NUMBER 1403-10990 COURT COURT OF QUEEN'S BENCH OF ALBERTA JUDICIAL CENTRE EDMONTON APPLICANT ROYAL BANK OF CANADA RESPONDENT SPRAGUE-ROSSER CONTRACTING CO. LTD., SPRAGUE-ROSSER DEVELOPMENTS INC., PACIFIC FEDERATION EQUITY GROUP INC., JEFFERY JESSAMINE, DANIEL EDWARDS and MATTHEW MACKAY SERVICE LIST Party Telephone Representing Alvarez & Marsal Canada ULC Court-Appointed Receiver Bow Valley Square I Suite 570, 202 - 6th Avenue SW Calgary AB T2P 2R9 Tim Reid [email protected] 403 538-4756 Todd Martin [email protected] 604 638 7445 Tom Powell [email protected] 604 551-9881 McCarthy Tetrault Counsel for the Court Appointed Suite 4000 Receiver 421 - 7th Avenue S.W. Calgary AB T2P 4K9 403 260-3531 Sean Collins [email protected] Walker MacLeod 403 260-3710 [email protected] Norton Rose Fulbright Canada LLP Royal Bank of Canada 400 - 3rd Avenue S.W., Suite 3700 Calgary, AB T2P 4H2 Fax: 403-264-5973 Howard A. Gorman [email protected] 403 267-8144 DOCS 13685934v1 - 2 - Party Telephone Representing Bennett Jones LLP BDC Development Bank of Canada Barristers & Solicitors 855 2 St SW, Calgary, AB T2P 1B5 403-298-4485 Fax: 403 265-7219 Chris Simard [email protected] Borden Ladner Gervais LLP Western Surety Company 1200 Waterfront Centre 200 Burrard Street P.O. Box 48600 Vancouver, British Columbia V7X 1T2 Fax: 604 622-5825 (604) 640-4125 Christopher J. O’Connor [email protected] Borden Ladner Gervais LLP Western Surety Company Centennial Place, East Tower 1900, 520 - 3rd Avenue S.W. Calgary, Alberta, Canada T2P 0R3 Fax: 403.266-1395 Joseph Kruger 403 232.9563 [email protected] 403 232.9774 Robyn Gurofsky [email protected] Davis LLP CWB Leasing Company Suite 1201, Scotia Tower 2 10060 Jasper Ave Edmonton AB T5J 4E5 Fax: 780.428.1066 Douglas H. -
TD Square - Dome Tower 900, 335 8Th Avenue SW Calgary, AB T2P 1C9 the Dome Tower Offers Tenants Unprecedented Amenities and Convenience
JIM REA Executive Vice President | Partner 403 215 7250 [email protected] TODD SUTCLIFFE Vice President | Partner 403 298 0414 [email protected] FOR SUBLEASE | 333 7th Avenue SW, Calgary, AB Colliers International TD Square - Dome Tower 900, 335 8th Avenue SW Calgary, AB T2P 1C9 The Dome Tower offers tenants unprecedented amenities and convenience. Located at the www.colliers.com/calgary core of downtown Calgary’s financial and retail centres, the location provides convenient +1 403 266 5544 transportation and parking with direct access to the adjacent east/west LRT and to the neighbouring developments via Calgary’s Plus 15 and Plus 30 walkways. World class accommodations are within a few blocks at the nearby Sheraton, Hyatt, Fairmont Palliser and Westin Hotels. Direct access to The CORE Shopping Centre and Stephen Avenue pedestrian mall provides tenants to easily experience Calgary’s premier retail shops, restaurants and entertainment. Accelerating success. FOR SUBLEASE | 333 7th Avenue SW, Calgary, AB OFFICE OFFICE OFFICE OFFICE OFFICE BOARDROOM OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE Sublease Information OFFICE OFFICE KITCHEN/DINING OFFICE OFFICE ENCLOSED STAIR (NO RECEPTION OFFICE OFFICE OFFICE Available Subpremises Floor 27 - Approx. 13,950 square feet* MEETING Potential to Demise ACCESS) TILE OFFICE Sublandlord Enerplus Corporation CARPET CARPET COPY TILE OFFICE OFFICE Annual Net Rent Market Rates OFFICE OFFICE OFFICE N Operating Costs and Taxes $18.09 per square foot (2019 estimate) OFFICE OFFICE OFFICE TOWEL DISPENSER -
Stephen Avenue Place 700 2Nd Street Sw for Sublease
STEPHEN AVENUE PLACE 700 2ND STREET SW FOR SUBLEASE CODY SCOTT JAMES MCKENZIE Associate | Office Leasing Vice President | Office Leasing 403 261 1171 403 261 1140 [email protected] [email protected] STEPHEN AVENUE PLACE 700 2ND STREET SW HIGHLIGHTS • Centrally located with +15 access to Brookfield place, The Bay and the CORE shopping centre • Excellent on-site retail amenities and restaurants • 4th floor is a dedicated Tenant only fitness facility free to Tenants • Building equipped with conference centre, Tenant only lounge and games room • Office space is fully furnished • Walking distance to all transit options • Building is dog friendly DETAILS AVAILABILITY: Suite 2340 - 5,137 SF ASKING RENT: Market Sublease Rates ADDITIONAL RENT: $19.94 per SF (2021) TERM: December 31, 2024 PARKING: 1 unreserved stall OCCUPANCY: Immediate SUBLANDLORD: Sapient Canada Inc. CONCEPTUAL FLOOR PLAN STEPHEN AVENUE PLACE 700 2ND STREET SW LOCATION MAIN ROADS CYCLE TRACK LRT 4 AVENUE SW BOW RIVER PATHWAY 5 AVENUE SW 1 CENTRE STREET 1 MEMORIAL DRIVE NE FLOOR PLAN 2 STEPHEN AVENUE PLACE 2 3 3 4 9 5 4 9 AVENUE SW 6 7 5 8 ELEC. DN UP ELEC. UP DN TRAINING WRITABLE WALL RM. (18 PP) MACLEOD TRAIL SE PH. RM. PH. RM. Restaurants Club/Fitness On-Site Food & Drinks MECH 1• The Keg 6• Thomsons Restaurant •1 Calgary Petroleum Club LOUNGE MTG. RM. 2• Hy’s 7• Blink Restaurant & Bar 2• Bow Valley Club EXISTING LOWER ELEV TO REMAIN ELEC. 3• Cactus Club 8• CHARCUT 3• GYMVMT PING PONG WATER TABLE PH. RM. STORAGE ELEC. 4• James Joyce Irish Pub 9• The Guild 4• Bankers Hall Club W 5• Modern Steak 5• Good Life Fitness WELLNESS RM. -
First Canadian Centre
FIRST CANADIAN CENTRE Class A SUBLEASE FLOOR 11 - 16,734 SF Kendra Pinder Adam Stewart Jessica Downie 403.571.8085 403.590.5704 403.537.2393 [email protected] [email protected] [email protected] Features & AMENITIES “Plug and play” option Mix of office and open area Furniture available Large conference facility available to tenants free of charge Building is centrally situated within walking distance to numerous amenities including retail, restaurants, banking, professional services and eateries Located directly on CTrain line Plus 15 connection to Intact Place, 444 Seventh, Dome Tower, Centrium Place Space PROFILE Sublandlord: Questfire Energy Corp. Subpremises: 11th Floor: 16,734 sf Availability: Immediately Elevator Lobby Term Expiry: July 30, 2019 Rental Rate: Market sublease rates T.I.A.: As is Op. Costs & Taxes: $22.10 per sf (est. 2017) Parking: 1 stall per 3,000 sf Building INFORMATION Address: 350 Seventh Avenue SW Reception Year of Completion: 1982 Number of Floors: 41 Rentable Area: 508,688 sf Ave. Floor Plate: 16,914 sf Security: Card Key Access HVAC: Mon-Fri: 8:00 a.m. - 6:00 p.m. Landlord/ Building Manager: GWL Realty Advisors Inc. Office Meeting Room Open Area N 11th Floor DETAILS 34 exterior offices 2 internal offices Open area 4 meeting rooms 2 kitchenettes Copy rooms File storage areas 16,734 SF Cresa Alberta LEGEND Suite 1400, 606 - 4 Street SW Plus 15 Connections Prince’s Island Proposed Plus 15 Connections Centre Street Bridge Calgary, Alberta T2P 1T1 Estates Condo One way Directions Memorial Drive tel: 403.571.8080 Rest. Light Rail Transit Condo Railway cresa.com Condo Building / Future Development Princeton l & II Ea u The Waterfront 14 Number of Floors Claire Future Y.M.C.A. -
Q4 2018 POV Appendices.Indd
Appendices Appendix A CLASS AA OFFICE VACANCY BUILDING NAME TOTAL AREA FLOOR PLATE HEADLEASE HEADLEASE SUBLEASE SUBLEASE (sf) (sf) (sf) (%) (sf) (%) 707 Fifth 564,350 20,889 261,066 46.26% 88,868 15.75% Bankers Court 243,240 20,900 - 0.00% - 0.00% Bankers Hall - East Tower 820,221 20,500 - 0.00% 12,326 1.50% Bankers Hall - West Tower 829,873 20,000 46,709 5.63% 142,467 17.17% Brookfi eld Place Calgary - East Tower 1,417,000 27,500 215,973 15.24% 320,869 22.64% Calgary City Centre 820,000 27,000 66,298 8.09% - 0.00% Centennial Place - East 811,024 21,600 - 0.00% 38,967 4.80% Centennial Place - West 443,870 23,000 - 0.00% 6,556 1.48% Devon Tower 806,191 19,519 67,568 8.38% 28,038 3.48% Eau Claire Tower 615,000 27,500 - 0.00% 40,351 6.56% Eighth Avenue Place - East 1,070,000 23,500 - 0.00% 71,611 6.69% Eighth Avenue Place - West 841,000 23,500 - 0.00% - 0.00% Jamieson Place 860,000 23,875 33,405 3.88% 97,247 11.31% Livingston Place - South 435,364 22,936 83,411 19.16% 22,666 5.21% Livingston Place - West 420,345 20,230 45,512 10.83% 102,238 24.32% Suncor Energy Centre - East 585,630 20,000 19,353 3.30% 220,311 37.62% Suncor Energy Centre - West 1,121,218 23,000 - 0.00% - 0.00% TD Canada Trust Tower 617,621 18,715 5,484 0.89% - 0.00% TELUS Sky 430,000 16,538 278,051 64.66% - 0.00% The Bow 1,700,000 32,000 - 0.00% 525,526 30.91% TransCanada PipeLines Tower 938,926 28,400 - 0.00% - 0.00% Total 21 Buildings 16,390,873 1,122,830 6.85% 1,718,041 10.48% Total Class AA Vacancy 2,840,871 17.33% Note: There was a net increase of 430,000 sf to Class AA inventory, due to the addition of Telus Sky. -
Q3 2019 Point of View Downtown/Beltline Office Market
Q3 2019 Point of View Downtown/Beltline Office Market An Insight into the Calgary Office Market Q3 2019 Point of View Table of Contents 1. Market Overview 2. Market Forecast 3. New Developments 4. Additional Graphs and Tables 5. Appendices A: Class AA Office Vacancy B: Class A Office Vacancy C: Class B Office Vacancy D: Class C Office Vacancy E: Beltline Office Vacancy F: Kensington Office Vacancy G: Inglewood Office Vacancy H: Mission Office Vacancy I: Class AA Parking & Operating Costs J: Class A Parking & Operating Costs K: Class B Parking & Operating Costs L: Class C Parking & Operating Costs M: Beltline Parking & Operating Costs Secure Energy recently completed a new transaction in Brookfield Place - East Brookfield Place - East Q2 2019 Point of View Market Overview Downtown Office Market What will be required to really move the market is significant absorption to the tune Downtown Supply of +1M square feet and we don’t forecast 43,839,998 sf this type of growth in the foreseeable future. Well, here we are – five years into this 20.15% we have seen an increase in occupied “downturn”. To be frank, it has proven difficult Class AA space of 1.6M square feet. This is to write anything new about the market given significant, especially considering we have it has been range-bound for so long. Class AA added 1.5M sf of Class AA inventory over this Downtown Vacancy vacancy sits at 17.24%, Class A 24.07%, Class time. With this positive absorption, Class AA B 37.44% and Class C 28.58%. -
First Canadian Centre 16,734 Sf Sublease
First Canadian Centre 16,734 sf Sublease Adam Hayes John Engbloom Willem Thoma Chris Dowling 403.571.8222 403.571.6016 403.539.0894 403.571.8223 [email protected] [email protected] [email protected] [email protected] First Canadian Centre Up to 16,734 sf available immediately Space Profile Sublandlord: Suncor Energy Ventures Holding Corporation by its authorized agent Suncor Energy Services Inc. Subpremises: Floor 20: 16,734 sf Availability: Immediately Term Expiry: November 29, 2023 Features & Amenities Rental Rate: Aggressive sublease rates Improved space in immaculate condition T.I.A.: As is Ready for occupancy, fully appointed with high Op. Costs & Taxes: $20.92 per sf (est. 2020) end furniture Parking: 6 reserved stalls at Private gym, bistro and showers/locker rooms $570.00 per stall per month on the floor Large conference facility in the building available Building Information to tenants free of charge Building is centrally located within walking Address: 350 Seventh Avenue SW distance to numerous amenities including retail, Year of Completion: 1982 restaurants, banking, professional services and eateries Number of Floors: 41 Located directly on CTrain line Rentable Area: 508,688 sf Plus 15 connection to Intact Place, 444 Average Floor Plate: 16,914 sf Seventh, Dome Tower, Centrium Place Security: Card key access HVAC: Monday - Friday: 8:00 am - 6:00 pm Landlord/ Building Manager: GWL Realty Advisors Inc. First Canadian Centre 20th Floor 16,734 sf 23 offices 2 meeting rooms Boardroom Numerous rooms with rolling file systems In-suite servery and seating area to boardroom 10 cubicles and support stations Private gym with locker/shower facilities N First Canadian Centre Spacious executive offices with high-end furnishings All offices are ready for immediate move-in. -
Stephen Avenue Place - 700 - 2Nd Street SW, Calgary, AB
Contact us: Jim Rea Executive Vice President | Partner +1 403 215 7250 [email protected] Todd Sutcliffe Vice President | Partner +1 403 298 0414 [email protected] FOR SUBLEASE | Stephen Avenue Place - 700 - 2nd Street SW, Calgary, AB Colliers International Stephen Avenue Place 900, 335 8th Avenue SW Calgary, AB T2P 1C9 www.colliers.com/calgary +1 403 266 5544 Brand new leasehold improvements, fully furnished with new office furniture, including height adjustable desks. Potential to subdivide. Accelerating success. FOR SUBLEASE | STEPHEN AVENUE PLACE - 700 - 2ND STREET SW, CALGARY, AB Sublease Information Floor 9 - 14,238 SF* Floor 8 - 14,247 SF* *Potential to Subdivide Available Subpremises Floor 7 - 14,225 SF* Total: 42,710 SF Sublandlord Harvest Operations Corp. Rental Rate PRICED TO SUBLEASE - CALL FOR DETAILS Occupancy Date Immediate Term of Sublease August 30, 2022 Parking Negotiable Furniture Included Building Details Rentable Area 620,000 SF Average Floorplate 14,800 SF Number of Floors 40 Landlord SCREO | 700 2nd Inc. Monday - Friday | 6:00 am - 6:00 pm HVAC Saturday | As requested Comments >> Brand new leasehold improvements, fully furnished with new office furniture, including height adjustable desks >> +15 connections to The Bay, Bow Parkade, TD Square, CORE Shopping Centre and Brookfield Place >> Numerous retail, dining, and shopping amenities within the building, along the Stephen Avenue corridor, and in The CORE Shopping Mall >> Adjacent to LRT and 35 bus routes within a two block radius >> 24 hour security on-site Through partnership with two of Canada’s leading restaurant and entertainment companies, Stephen Avenue Place will feature three new innovative and inspired dining experiences. -
Calgary Downtown Office Market
Research & Forecast Report CALGARY Accelerating success. DOWNTOWN OFFICE MARKET First Quarter 2019 Nexen Building and the Bow to be occupied by CNOOC. Sublease availability for spaces under 5,000 square feet Market Overview Summary Statistics While the net effect of this move by CNOOC remains remains scarce and most of these options comprise of Downtown Office Market Q4 2018 Q1 2019 Trend Calgary’s downtown office market realized positive unclear, the Nexen Building continues to be excluded from chalkline shared scenarios or larger spaces which could OFFICE INVENTORY 44,214,667 44,214,667 absorption in the first quarter of 2019, resulting in the vacant office space inventory. If added to vacant inventory, be formally demised. In scenarios where the sublandlord vacancy rate decreasing to 25.23 percent. The trend of the vacancy rate could increase by 1.36 percent. offers demising options less than 5,000 square feet, NET ABSORPTION (13,056) 451,442 positive absorption is expected to continue throughout the subtenants often face higher rental rates in order to offset VACANCY RATE year, however this will likely be comprised of numerous Market Trends the sublandlords’ cost associated with formally demising 26.45% 25.23% the larger space. While some sublandlords will consider AVERAGE ASKING NET RENT smaller transactions as the majority of companies 20,000 $14.00 $14.00 square feet and greater with lease expiries in 2019 and Given the current economic climate downtown, landlords chalkline deals to expedite rent recovery, these scenarios (‘A’ CLASS BUILDINGS) 2020 have already completed transactions. There are continue to compete over a small pool of prospective are accompanied by numerous challenges.