CALGARY, Alberta--(BUSINESS WIRE)--Slate Canadian Real Estate Opportunity Fund I (Slate) today announced the signing of a 60,000 square foot lease at its landmark Stephen Avenue Place property with Golder, a global engineering and science consulting firm.
Golder will occupy four floors of the 40-story tower at 700 2nd Street in the heart of downtown Calgary. The new space positions Golder’s more than 300 employees at the nexus of the historic Stephen Avenue Walk and 2nd St. with direct access to the Core Shopping Centre, the “Plus 15” system of pedestrian overpasses and adjacent Light Rail Transit.
“Our new Calgary headquarters will allow our people to tap into the energy of downtown Calgary and we are confident setting up a large office in the city center is also well-aligned with our commitment to sustainability. We moved out of the core some years ago and are thrilled to be back,” said Greg Herasymuik, Golder’s President for Canadian Operations. “Our energy and natural resource clients rely on our agility and collaboration in helping them grow their business so we could not be in a better place to serve them. The location, design and amenities are ideal to support our team of creative, innovative and driven people and I am personally excited to be sitting side by side with my colleagues in such a great space.”
Stephen Avenue Place offers 620,000 square feet of rentable space in the heart of downtown. This classic of the Calgary skyline is undergoing a significant renovation – from its public-access ground floor to exclusive tenant amenities and top-floor restaurant – that repositions it as a modern hub for energy, innovation, business, dining and shopping. The property includes a club-quality fitness facility, expansive conference centre, tenant lounge, games lounge and other exclusive amenities.
To see a video of the evolution underway at Stephen Avenue Place, and to learn more about leasing opportunities, click here.
“We are proud to welcome a tenant with the global footprint, reputation for excellence and commitment to service that Golder has,” said Brett Koroluk, Vice President, Asset Management at Slate. “We share Golder’s values of integrity, excellence and teamwork and look forward to providing them with a corporate home to continue growing and flourishing in Western Canada.”
About Stephen Avenue Place
Named for George Stephen, 1st Baron Mount Stephen, the visionary businessman and financier behind the creation of the Canadian Pacific Railroad, Stephen Avenue Place offers 620,000 square feet of rentable office and retail space. Slate has partnered with the collaboration of Oliver & Bonacini Hospitality and Concorde Entertainment Group to create three innovative and inspired dining destinations at Stephen Avenue Place: a world-class restaurant on the top floor, an eclectic food hall and a high-energy restaurant, bar and patio on the street level.
Golder is an employee-owned, global organization providing consulting, design, and construction services in the areas of earth, environment, and energy through technical excellence, innovative solutions and award winning client service. Golder’s clients represent the world’s major industries and drivers of development: Oil and Gas, Mining, Manufacturing, Power, and Infrastructure. Golder has more than 6,500 people operating from 165 offices worldwide.
About Slate Canadian Real Estate Opportunity Fund I
The Slate Canadian Real Estate Opportunity Fund I is a multi-asset class opportunistic real estate investment vehicle for institutional capital partners and family offices.
The Fund’s investment themes are:
- Asset Repositioning and Redevelopment
- Cyclical Investment Opportunities
- Portfolio Opportunities
About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $6 billion in assets under management. Slate is a value-oriented manager and a significant sponsor of all of its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long-term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.