Top-tier international professional services firm renews 202,340-square-foot lease in Calgary, Alberta
JLL brokers renewal with Stantec in Radisson Heights submarket
BOSTON, March 1, 2021 – JLL has completed a transaction for Stantec at 325 25th Street SE in Calgary, Alberta with building owner GWL Realty Advisors. The company, a leading international professional services firm in the design and consulting industry, signed a lease extension for the entire office building, one of the largest deals in Calgary in 2020.
Stantec was represented by its corporate real estate team, Lee Kiziak, Director of Corporate Real Estate, Romin Jarrah and Jennifer Linton, in partnership with JLL’s DJ Goldberg and Mike Reardon and assisted by Todd Throndson of Avison Young.
“Stantec is excited to continue our partnership with GWL in Calgary,” said Kiziak. “It is a tremendous end to a very challenging year for all. And I am grateful to the years of hard work rendered from all those involved, both internally and externally, to arrive at this outcome.”
Stantec will continue to occupy the entire building at 325 25th Street SE, which offers direct access to Barlow Trail and Memorial Drive and is just minutes from downtown Calgary and the airport.
“By extending its Calgary lease, Stantec was able to secure a longer-term real estate solution, on favorable terms, that supports the company’s operating and financial objectives,” said Goldberg. “We are extremely pleased to have represented Stantec and to have partnered with the company’s real estate team in planning and executing this important and timely engagement.”
The five-story building totals 202,340 square feet and was constructed in 2003 with Stantec as the original anchor tenant.
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That’s why at Stantec, we always design with community in mind. We care about the communities we serve—because they’re our communities too. We’re designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe. Stantec trades on the TSX and the NYSE under the symbol STN.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.