Canada ICI has arranged first-mortgage financing to facilitate the refinance of a multi-tenant asset known as 54-70 Arthur, located in the Exchange District of Winnipeg, Manitoba. The property is a seven-storey restored heritage-designated office and retail building incorporating a rentable area of 129,971 sq. ft.
Completed in 2016, this 25-storey, LEED GOLD candidate office development was added to the city’s downtown core. Amenities include a fitness centre, bike storage, and even has a golf simulator!
The EPCOR Tower is a 623,000 square foot, LEED Gold certified office building comprised of 28 floors. Located at the intersection of the city’s downtown arts, entertainment and business districts, it is adjacent to the new Rogers Place arena and ICE District, as well as the all-new Royal Alberta Museum. The financing arranged by Canada ICI was one of the largest commercial mortgages funded in this western Canadian city’s history.
Canada ICI facilitated the acquisition financing of this three-storey office building with approximately 37,000 square feet of space. Built in 2000 and located in the Southwest Calgary community of Lincoln Park, the property is in close proximity to various amenities and easy access to other parts of the city through Glenmore Trail SW and Crowchild Trail SW.
The Golder Associates single-tenant office building is 40,000 square feet and located on a new infill site in this western Canadian city. It boasts modern meeting rooms, warehouse space, geo-laboratory capacity, and an expansive office space for a growing team.
The CN Tower was the city’s first high-rise building, originally constructed in 1966. It features over 279,000 square feet of net rentable area and sits adjacent to the ICE District, home of the Edmonton Oilers’ new Rogers Place arena. Financing was arranged with a prominent Canadian Pension Fund.
A multi-use office/retail site located in the heart of the city’s Arts District along the highly desirable 124th Street. At the time of funding, the building was only 10% occupied with a signed Offer to Lease for another 80% of the space. Canada ICI provided low cost takeout financing that was structured as interest only until the major tenant took occupancy and began paying rent. The five-year term mortgage was funded at 75% of stabilized value.
Located in the southeast community of Sundance, this project has over 200,000 square feet of office space in the Sundance Business Park. The property is one of the city’s only A class office developments. Financing involved various institutions, including a prominent Canadian Life Company.
The former Stantec Campus is a contemporary, single-tenant office complex located in the heart of the city’s Government District. This 190,000 square foot property is comprised of 2 eight-storey office towers, joined by a central atrium which has achieved LEED Silver Certification.
Shops at Boudreau is an upscale lifestyle centre located on the north side of this western Canadian city. The tenancy encompasses a mix of luxury boutiques and restaurants with second floor professional space. The project was constructed by a local developer. Canada ICI arranged a unique term loan for the property upon substantial completion, which allowed for an interim interest-only period, converting to an amortizing loan upon full stabilization, while locking in the term interest rate on day one.