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Originally Posted by Bigtime
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Yeah this is crazy. I feel for the owners of the building. They aren't some major REIT with a diverse portfolio and deep pockets. My understanding is they are mostly private one off investors who are left holding the bag.
Husky just put ~200,000 SF of good quality sublease space on the market at the start of this year and First Alberta Place [777 8th Avenue] has another ~175,000 SF of vacant headlease space. That's nearly 1 million SF of vacant space in a block and a half on 8th avenue.