Top-tier international professional services firm renews 202,340-square-foot lease in Calgary, Alberta

BOSTON, March 1, 2021 –  JLL has completed a transaction for Stantec at 325 25^th 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 25^th 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.