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Twin office towers in Calgary sell for $475 million

Western Canadian Place, with 1.06 million square feet in downtown Calgary, sold to Chicago-based Oak Street Real Estate Capital.
Western Canadian place cbre
CBRE, Calgary, for Western Investor

Property type: Office

Location: 700 9th Avenue SW, Calgary

Number of properties: 2

Size of property: 1.06 million square feet (total)

Sale date: November 2021.

Buyer: Oak Street Real Estate Capital, Chicago, USA

Seller: British Columbia Investment Management Corp. (through real estate arm, QuadReal), Vancouver.

Price: $475 million.

Brokerage: CBRE, Calgary.

Brokers: Tyler Allen, Richie Bharma, Duncan Maclean, Geoff Mar.