- What Fiera Real Estate has listed 3000 Solandt Road
- Why The property is being marketed unpriced, but guiding valuation is $200/sq ft
- What next The office last traded in 2018
Fiera Real Estate is looking to offload a suburban Ottawa office building for $8m, Green Street News can reveal.
The 40,000 sq ft property at 3000 Solandt Road is being shopped unpriced, but the guiding valuation is $200/sq ft. Cushman & Wakefield has the assignment.
Marketing is targeting owner-occupiers, and the property has been listed for lease with additional rent at $17.97/sq ft. Previously the head office of Hexo Operations, the building is being offered with vacant possession.
Fiera purchased the property from the Healthcare of Ontario Pension Plan in 2018. The $74.1m portfolio deal included three other properties, according to the Ottawa Business Journal.
The two-storey building is on 3.4 acres near the intersection of Solandt and March Roads. It was completed in 1997 and has 157 parking spaces, on-site showers and Flo car-charging stations. It’s BOMA Best-certified.
The property is 20 km from downtown Ottawa and Ottawa International Airport. Marshes Golf Club, Brookstreet Hotel and Kanata Centrum Shopping Centre are nearby, as are the Eagleson and Teron OC Transpo stations.
The property at 3000 Solandt is in the Kanata North technology park. The largest hub of its kind in Canada, more than 540 companies have offices in the area, including Cisco Systems, Dell Technologies and Warner Brother Discovery. Collectively, they contribute $13bn to Canada’s GDP annually.
Fiera Real Estate is wholly owned by Fiera Capital Corp. As of June 30, the investment management firm had more than $158.9bn in assets under management. Wenzel Hoberg is global head of real estate.
