Quote:
Originally Posted by Fuzz
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I'm not sure what Imperial's plan is, but I understand they did a short-term lease-back (~5 years) and are consolidating into 2 of the 4 buildings during that time, and then will leave. The other 2 buildings were put on the market with CBRE at the start of the year, with them representing the new owner (not Imperial).
My team and I toured the vacant buildings about a month ago, and they show well. Furnished and ready to move in. One building seems like it was never occupied, so it's basically brand new. The building amenities (gym, conference centres, cafeteria, etc.) are really nice. The new owner's plan is to lease it as office space, but they can only accommodate very large deals (150k SF or ~850 seats), and there aren't many suburban tenants in Calgary that can take down that much space, so it will be interesting.