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2013 continued to be a year of stability as office, industrial and retail markets performed well. Strategic leasing remained a top priority to reduce portfolio exposure to new supply risk. Industrial assets were top performers in particular, driven by growing distribution and logistics sector activity. During 2013, leasing teams completed 8.7 million square feet of renewals and new lease transactions.
GULF CANADA SQUARE
CONOCOPHILLIPS CANADA CONSOLIDATES STAFF INTO GULF CANADA SQUARE
A significant lease extension and expansion with ConocoPhillips was completed at Gulf Canada Square which consolidated 715,000 square feet. This space will be used to relocate its staff under one roof. This transaction included the absorption of space vacated by Canadian Pacific.
2050 DERRY ROAD
SAMSUNG ELECTRONICS CANADA LEASES 125,000 SQUARE FEET AT 2050 DERRY ROAD
A significant 10-year lease was concluded with Samsung Electronics to lease the entire building at 2050 Derry Road, located within Crossroads Corporate Centre. This complex transaction involved the relocation of four tenants to a new office development on the same site.
As part of GWL Realty Advisors’ strategic approach to real estate management, the Company continued to maintain or increase the competitiveness of properties within its clients’ portfolios through the development and execution of capital projects. Major projects included modernizing suites and lobbies in multi-residential buildings, roof replacements and repaving in industrial buildings and upgrading HVAC systems and elevators in office buildings.
155 UNIVERSITY AVENUE
155 UNIVERSITY AVENUE
An extensive redevelopment was started in 2013 to reposition the building and to maintain its competitive position within Toronto’s expanding financial core. Project highlights include a redesign of the exterior podium and entrance, updated and renovated lobby and the installation of new elevators.
As ownership of electric vehicles expands, so does the need for publicly-accessible charging stations. Several buildings under management across the country offer electric vehicle (EV) charging stations including Park Place, which installed two EV charging stations in 2013. By providing EV charging stations, Park Place is delivering a smart service for tenants.
During the year, through the Company’s signature customer service brand OneServe, property teams’ focus on superior service was recognized with highly respected industry awards. GWL Realty Advisors was proud to have accepted industry awards that recognize excellence in operations.
9500 Glenlyon Parkway headquarters of Ritchie Brothers Auctioneers, received The Outstanding Building of the Year award in the corporate facilities category from BOMA British Columbia. This award recognizes excellence in property management, operations, resource conservation, environmental awareness, leasing, building design, customer service and innovation.
Through its signature customer service brand, GWL Realty Advisors provides a proactive, personalized management service to its tenants, and an exceptional experience that is founded on open communications and responsive, professional, friendly service.
Bart Golanski, Lead Building Operator at the Great-West Life’s Data Centre in Winnipeg, MB, received the Building Operator of the Year Award from BOMA Manitoba. This award recognizes excellence in commercial property management and building operations.
Toronto (Corporate Office)
330 University Avenue, Suite 300
Toronto, ON M5G 1R8
Main Line: (416) 552-5959
Main Fax: (416) 552-5111