Tonko signs second lease at Centrium Place with Connacher Oil & Gas

Centrium Place is located in the heart of the Calgary business district, and is one of five class A office buildings under construction in the downtown. It is 15 stories, 225,000 sq. ft. and strategically connected to the city's busy Plus 15 walkway system. In addition to its enviable location and convenient access, Centrium Place will offer fitness and conference facilities with plans for an on-site bistro.

The building will set an architectural precedent in Calgary for ingenious design and dramatic exterior finish. It features an outward sloping facade created by floor plates that increase in size from the ground to the top storey. Rectilinear and geometric styling of a multicolored glass exterior, inspired by artist Piet Mondrian is intended to depict an painters canvas. Illuminated corners will frame the building and highlight its distinctive shape and facade.

The interior of Centrium Place boasts a vaulted 2-storey lobby wrapped by exquisite glass walls. There are 15 floors of virtually column-free space for lease, with an average floor plate of 17,000 sq. ft.

The building is scheduled to be ready for occupancy for April 1, 2007. It will be the second office building completed after Homburg's Trident Tower among the five currently under construction in downtown Calgary.

Tonko Realty Advisors Ltd.,a Calgary based developer will become property manager of Centrium Place on behalf of an undisclosed pension funds. In December Tonko signed the first lease at Centrium Place with Trilogy Energy LP (TET.U). It is a ten year lease for over 53,000 square feet on three floors commencing July 2007. Trilogy is a Canadian energy trust formed in 2005 through the spinout of a portion of Paramount Resources' assets in Central Alberta.

Last week, Rob Proud, a Principal of Tonko, confirmed that it has secured a second lease for an additional 3 floors, for approximately 51,000 sq. ft. with Connacher Oil & Gas Limited (CLL-T). Connacher is a Calgary-based Canadian oil and natural gas exploration and production company. Its principal asset is a 100-percent interest in 110 sections (70,400 acres) at its Great Divide oil sands project near Fort McMurray, Alberta.

According to Rob Proud, lease rates for Centrium Place are in the low $30 range and Tonko expects the building to be fully leased by completion in the spring of 2007.

Tonko Realty Advisors Ltd. offers full-service expertise in acquisitions, development,
leasing, asset and property management. It is responsible for a diverse
portfolio currently valued at more than $1.2 billion, comprised of office,
industrial and retail properties in key Western Canadian growth markets.

For more information about Centrium Place contact, Robert Proud, (403) 245-4447, Tonko Realty Advisors. Leasing inquiries should be directed to Angus Fraser,
(403) 263-4444, CB Richard Ellis. You may also visit the Tonko webpage about Centrium Place.

Centrium Place
332 – 6th Avenue and 3rd Street SW,
Calgary, Alberta
OwnerUndisclosed Pension Fund
Realty ServicesTonko Realty Advisors Ltd.
LeasingC.B. Richard Ellis
ArchitectGibbs Gage Archtects
ConstructionPCL Construction
Google MapsSatelitte image with street overlay
Emporis WebsiteConstruction Status

Office buildings under construction in the downtown Calgary market February 9, 2006

BuildingManagment – Owner1,000's
Sq. Ft.
StrCompletion
Date
Trident Tower
Homburg Second Tower
Homburg Invest
220
375
10
20
Jan 2007
TBD
Centrium PlaceTonko Realty Advisors for Canadian Pension Fund22515Mar 2007
OPUS 8Opus Building Corp.22512Mar 2007
Livingston Place – South Tower
Livingston Place – North Tower
Bentall Real Estate Services for Canadian Pension Fund 420
420
21
21
Spring 2007
Fall 2007
Calgary Courts – South Tower
Calgary Courts – North Tower
Government of Alberta PPP – GWL Realty Advisors Inc. 500
500
20
24
Summer 2007
Summer 2007

Ann launched RENX in 2001 as a part-time venture and has grown the publication to become a primary source of online news for the Canadian real estate industry. Prior to…

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Ann launched RENX in 2001 as a part-time venture and has grown the publication to become a primary source of online news for the Canadian real estate industry. Prior to…

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