Page 12 - BOMA_2019BuildingDirectory

BOMA sat down with RYAN BEHIE, Vice President and Managing Director of CBRE
Limited, to talk about the office sector in Winnipeg.

What were some of the noteworthy downtown office deals done over the past year?

RB: Several noteworthy deals were completed at 201 Portage which was What were some
great to see in light of the challenges it has faced recently, and it speaks to of the big transactions in the
the resiliency of Portage and Main.
suburban office market?
On the heels of the departure of TD Bank, MNP and Thompson Dorfman
Sweatman last year, most of the new vacancy created at 201 Portage has
been backfilled with transactions completed over the past 24 months. RB: In the investment market, Slate sold
two assets located at 895 Waverley Street
BDO will take over two of the three floors vacated by MNP, and Wellington- and 1000 Waverley Street to MMI.
Altus has picked up the third; Taylor McCaffrey has leased two-and-a-half Beyond the traditional sale and leasing
floors of the four floors that TDS vacated with IG Wealth Management taking markets, it has been great to see the new
a full floor as well; and BMO Bank of Montreal has taken a significant piece construction occurring in the suburban office
of the TD Bank vacancy including the upcoming addition of a main floor retail sector.
branch opening next year. A&S Homes has just completed a three-
storey 58,000 sq. ft. building which will
All the while, the SHED has continued momentum with the announcement house their offices at 900 Lorimer Boulevard
of Ceridian, the food hall, and a fifth tower to be constructed for a in southwest Winnipeg and Fort Group
consolidation of Wawanesa’s offices at True North Square; and the federal Chartered Accountants moved into their
government has committed to two floors at 330 Portage Avenue. newly built 24,000 sq. ft three-storey
building on Henderson Highway. Both
This is just the tip of the iceberg. It has a been a busy time downtown.

12 Manitoba 2019 Commercial Building Directory