- Morguard Corporation (MRC) has acquired a fully-leased office building located in Kanata, Ontario
- The five-storey property provides 163,580 square feet of rentable area
- Morguard’s total office portfolio includes 12.4 million square feet in assets and is valued at $3.4 billion
- Morguard Corporation is a major North American real estate and property management company
- Morguard’s owned and managed portfolio of assets is valued at $19.4 billion
Morguard Corporation (MRC) has acquired a fully-leased office building located in Kanata, Ontario.
The property is the global headquarters of Kinaxis, a leading provider of cloud-based subscription software.
Tullio Capulli, Senior Vice President, Morguard Corporation, commented on the acquisition.
“Expanding our office investments in the Kanata market strengthens our position as a strategic real estate investor and optimal partner in the Ottawa region. 3199 Palladium’s location in this growing, amenity-rich node, make it a stable investment for the future.”
The Kinaxis Building at 3199 Palladium Drive was recently completed in 2022 and is leased to Kinaxis on a long-term basis. The build-to-suit office building is beautifully designed to premium standards and provides a modern work environment in an expanding and easily accessible location.
The five-storey property provides 163,580 square feet of rentable area and is located on 5.73 acres (plus an adjoining future development site of 3.8 acres).
Morguard’s total office portfolio includes 12.4 million square feet in assets and is valued at $3.4 billion as of June 30, 2022. In the Ottawa region, Morguard’s portfolio totals 3.5 million square feet with a value of $1.2 billion. This opportunity allows Morguard to further expand and diversify its portfolio.
Morguard Corporation is a major North American real estate and property management company with retail, office, industrial, hotel and residential holdings owned through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors.
Morguard’s owned and managed portfolio of assets is valued at $19.4 billion.
