Quote:
Originally Posted by ranchlandsselling
Maybe a comment on how much of their space that is? Gives a bit of perspective 
Are the others downtown space? Or somewhere else in the burbs? Didn't think they were at Quarry Park.
How's the Atco park doing? |
In the grand scheme of things not that much. I don't believe they have any offices downtown, and if they do they are likely quite small. Their Calgary head office is located in Quarry Park and is roughly 370,000sf. They also have another 20,000sf of space in the Cardel Building across the street. So the 33,000sf is less then 10% of their position in Quarry, but interesting to see that space has never been occupied and clearly Jacobs is falling short of their growth expectations.
To give a larger context to QP Jacobs got very lucky with their suburban office move. Their head office is now located directly across from the new Imperial Oil Office Campus. Remington's next development will be Quarry Crossing (I'll post info later today) and is slated to be completed by 2015. There are rumors that other major engineering firms (AMEC, Worley, Focus, etc) are taking a long look at relocating to QP to get exposure to Imperial Oil.