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Imperial Oil LTD. to relocate headquarters to nearby Quarry Park submarket
HOUSTON, Oct. 29, 2012 — On behalf of Imperial Oil, LTD, (IOL), Jones Lang LaSalle (NYSE: JLL) today announced the firm’s Office Tenant Representation Group has secured a lease of 811,000 square feet in a project to be developed in the Quarry Park submarket of Calgary. The company will move its headquarters from the Canadian city’s central business district to the new development in two phases beginning 2014 with full occupancy in 2016.
The deal was negotiated by Jones Lang LaSalle’s Houston office. The team was led by Executive Vice President Ronnie Deyo and included Executive Vice President Garrold Parratt, Vice President Beau Bellow, and Calgary-based Executive Vice President Andrew MacLachlan. Canada-based Remington Development Corporation will be developing the campus, which will include five office buildings on 19.5 acres of land when completed.
“This move represents an opportunity for IOL to consolidate its offices in one location with additional space for expansion and create a great working environment for their people.” said Deyo. “Remington Development’s plans include five new built-to-spec state-of-the-art office properties as well as a hotel, fitness center, restaurants, and other amenities that will be very attractive to employees and offer an opportunity to live, work and play in one location.”
Located on a 20 acre site in southeast Calgary, the five low-rise buildings on campus will comply with LEED Gold building standards.
About Imperial Oil, LTD.Imperial Oil is one of Canada’s largest corporations and a leading member of the country’s petroleum industry. The company is a major producer of crude oil and natural gas, Canada’s largest petroleum refiner, a key petrochemical producer and a leading marketer with coast-to-coast supply and retail service station networks. For further information, please visit www.imperialoil.ca
About Remington Development CorporationRemington Development Corporation (www.remingtoncorp.com) is one of Alberta’s largest commercial real estate developers. A privately-owned company established in 1994, Remington has developed more than 100 office, retail, warehouse/distribution, manufacturing and land servicing projects totaling more than 10.5 million square feet and 2,100 acres. As a developer, Remington provides project management and construction services, site assessment and evaluation, interior design and space planning, architectural and engineering services, property management, occupancy requirements, lease plans, and permits and approvals.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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