More space leased at Executive Place

The top 10 floors of the 12-storey Executive Place in downtown Red Deer have now been spoken for, says an associate with the building’s leasing agent.

And then there were two.

The top 10 floors of the 12-storey Executive Place in downtown Red Deer have now been spoken for, says an associate with the building’s leasing agent.

Chad Brennand, who works for DTZ Barnicke in Edmonton, said Friday that an unconditional deal is in place for the third floor of the 4900 50th St. structure.

He added that there is also an agreement for 2,000 square feet of the second floor.

Brennand said he can’t identify the tenants until formal leases are in place, but confirmed that both are active in the financial services industry.

“We’ve got some activity for the balance of the second floor, but that’s in the offer stage,” he added.

Nova Chemicals Corp. occupies the fourth, fifth and sixth floors of Executive Place, and has an option for space on the seventh.

Stantec Inc. is leasing half of the seventh floor and the area above that.

Brennand said tenants are still being sought for Executive Place’s ground floor, which has been designated for retail use.

“We’re still working through some prospects for that, but no major retail deals have been announced.”

He said a restaurant and coffee shop would be good options for the high-traffic site.

“The other thing that we’re open to is professional space.”

Brennand acknowledged that the building’s rent has been an impediment to some prospective ground-floor tenants.

He added that the building owners were also previously focused on the upper floors, not wanting to commit to tenants below until that mix was known.

Executive Place was developed by Beca International Ltd. and Clark Builders at a cost of about $40 million.

Just Posted

Red Deer woman one of three arrested by Sundre RCMP

The 19-year-old had numerous arrest warrants out of various jurisdictions

Businessman and volunteer named 2019 Citizen of the Year

John Donald’s parents and sister were each honoured previously

School leader named Red Deer Young Citizen of the Year

Leading by example at Hunting Hills High School

Suspects shot at pursuing police during crime spree

No police officers were injured in May 17 shooting

Mental health survey looks at children and youth in Red Deer

Parent and guardians experiences accessing services for children

B.C.’s fight to regulate bitumen through pipelines to go to Canada’s top court

BC Appeal Court judges found B.C. cannot restrict bitumen flow along Trans Mountain pipeline

Cast your votes for the Best of Red Deer

Nominations for the Best of Red Deer Readers’ Choice Awards are officially… Continue reading

Police hunt suspect after explosion in French city of Lyon

LYON, France — French police on Saturday hunted a suspect believed to… Continue reading

No winning ticket for Friday night’s $32 million Lotto Max jackpot

TORONTO — There was no winning ticket for the $32 million jackpot… Continue reading

Girl, 13, charged in two alleged assaults in Saskatoon park

SASKATOON — Police in Saskatoon say they have charged a 13-year-old girl… Continue reading

New poll suggests one-third don’t want politicians to wear religious symbols

OTTAWA — While most Canadians firmly back the Charter of Rights and… Continue reading

Premier Legault to force the Caisse to purchase REM trains made in Quebec

MONTREAL — Premier Francois Legault says his government will force the Caisse… Continue reading

Security forces mistakenly kill 6 civilians in Afghanistan

KABUL — An Afghan security forces raid against Taliban fighters in eastern… Continue reading

After half-century of frustration, Blues can exorcise demons

ST. LOUIS — Stanley Jackson and buddy Steven Crow can be excused… Continue reading

Most Read