The property investment firm Regional Group has acquired 150 Slater Street, a 19-story office tower in downtown Ottawa.
The 500,000-square-foot property is 100% occupied with office and ground floor retail tenants, including the global headquarters of Export Development Canada, a federal Crown corporation. Built in 2010 and constructed to a LEED Gold standard, the property includes 215 underground parking spaces, a rooftop lounge, and a private gym.
The acquisition price was not disclosed.
“We believe the bottom of the office cycle has passed, and this property is a standout addition to our portfolio, taking advantage of the fact that typical investors have been sidelined,” says Sachin Anand, vice president of acquisitions at Regional Group.
