9Triple8 Jasper reactivates Downtown Edmonton with market-defying sale
Автор: Colliers Canada
Загружено: 2017-09-22
Просмотров: 900
Описание:
The successful renovation, re-leasing and sale of 9Triple8 Jasper is a success story for Colliers International, the City of Edmonton, and its developers, encouraging future redevelopment of commercial properties. What makes this particular story so noteworthy is that Colliers International conducted both the leasing and sale in what was arguably the most challenging leasing and sales environment the market had witnessed in 10 years. The decisions of some first rate tenants (including Kingston Ross Pasnak, Associated Engineering and the Province of Alberta) to locate their businesses within the development speaks to the appeal of and priority placed upon quality working environments and energy efficiency.
The climax of this exciting project was Kevin Petterson’s recent sale of the property. Faced with a struggling economy and potential buyers’ aversion to a challenged office market, the listing team completed the sale at $342 per square foot. Thanks to its long-term leases, quality tenancies and high-class finishes, the asset commanded a price more than triple the level achieved for the other office tower sales over $10,000,000 within the last year.
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