Toronto, ON – (December 16, 2021) Crown Realty Partners is pleased to announce the acquisition of 3755 Riverside Drive, Ottawa, ON on behalf of its Fund, CR IV LP. This is Crown’s second acquisition in the Ottawa area this fall, coming immediately after Crown took ownership and management of Place de Ville, a 1.2M square foot office complex in Downtown Ottawa. In the fall of 2019, Crown entered the Ottawa market with a 289,000 square foot acquisition and has since grown to own and manage more than 2.5M square feet of office space across the National Capital Region.
3755 Riverside Drive is a two building, 283,926 square foot complex anchored by global technology giant IBM. The property is conveniently located in the Ottawa South submarket, adjacent to Ottawa’s Rideau Heights Business Park, the Hunt Club Golf Course and in close proximity to Ottawa International Airport.
The building features a market-leading 3.7/1, 000 square foot parking ratio, has beautiful unobstructed views and technological infrastructure in place for today’s leading users, and for one lucky user a 350 KvA in-place generator with UPS.
Never before offered to the market, we are excited to showcase up to 85,491 square feet of office space coming available in 2023 for minimum tenancies of 15,000 square feet.