- Location: Ottawa
- Size: 332,647 sf
- Type of Project: Flex Investment
Sold at $48,500,000
Avison Young Capital Markets Group was retained to advise on and manage the sale of 500 Palladium Drive, Ottawa. This offering was an opportunity to acquire a state-of-the-art, multi-tenant flex building with exceptional power, air handling and cooling specifications. It is fully occupied by an outstanding group of tenants who operate in the fields of material sciences, defense, communications and medical technology. It is a prestigious office, research and lab facility located within the high tech Kanata neighbourhood of Ottawa. The region is undergoing major economic growth with numerous new tenants, together with dynamic growth of existing users. Vacancy in the area is at a record low.