High Quality Suburban Calgary Office Property in Amenity-Rich Node Near Quarry Park
Colliers Investment Division is pleased to present for sale Riverbend Atrium (the “Property”). Located at 200 - Rivercrest Drive SE, Calgary, Alberta, this 88,122 square foot suburban office property is shadow-anchored by a grocery-anchored retail centre and also conveniently located minutes away from Quarry Park, Calgary’s premier suburban office campus. The Property has achieved nearly 34,000 SF of new and renewal leasing over the past seven quarters and features occupancy of 78% - well over the current suburban office benchmark. The Property is occupied by a diverse mix of 17 tenants at an in-place average lease rate of $13.44 per square foot and also features an exceptional weighted average remaining lease term of 5.45 years. The Property offers investors the opportunity to partake in Calgary’s surging market recovery by way of income upside and proven leasing velocity. Income at the property is enhanced by additional storage and telecom revenues.