Crown Realty Partners acquires 415,561 SF portfolio of flex office space in Ottawa.
Ottawa, ON – (April 22, 2020) Crown Realty Partners (“Crown”) is pleased to announce its latest acquisition of 415,561 square feet of flex office space in Ottawa, Ontario. The portfolio consists of 7 properties and 23 buildings across the south and east suburbs of Ottawa. For a complete listing of properties, click here.
The flex office portfolio is over 90% leased to a diversified tenant base of 66 tenants from a variety of industries. These low-rise buildings offer tenants affordable space with excellent branding opportunities and convenient, direct access to most suites.
This is Crown’s second major acquisition in the Ottawa market within the last year. With this acquisition, Crown now owns and manages more than 700,000 sf of office space within suburban Ottawa. Crown will act as asset manager for this portfolio and has engaged Colliers International to oversee the property management.