Edmonton complex renamed ATB Place following lease renewal

Edmonton’s Telus Plaza officially has a new name.

Triovest Realty Advisors Inc. recently secured a lease for more than 250,000 square feet of space to ATB Financial, prompting the renaming of the multi-tower complex to ATB Place.

ABM Financial Place Triovest, which manages ATB Place, announced the new name on behalf of building owner Healthcare of Ontario Pension Plan (HOOPP) earlier this week.

“Triovest is thrilled to welcome ATB to one of Edmonton’s premier properties and we look forward to building a long-term relationship with them,” said property manager Jody Kundrik.

“We are proud to continue management of recently renamed ATB Place and we look forward to providing excellent service to everyone associated with this landmark property in Edmonton,” Triovest’s director of Edmonton operations Hilary Lumme added in the announcement.

About ATB Place

ATB Place, a 1.2 million-sq.-ft. complex located on Jasper Avenue in downtown Edmonton’s financial district, is comprised of the ATB North Tower, the ATB Place East Building and TELUS House.

The south tower, TELUS House (formerly TELUS Plaza South, and originally the AGT Tower), was completed at a cost of $22 million in 1972 and stood as Edmonton’s tallest building at 134.4 metres (34 storeys) until Manulife Place was completed in 1981.

The ATB North Tower is 90 metres tall (26 storeys) and was completed in 1969. It contains retail space at the ground level and connects via the Edmonton Pedway system to the Edmonton LRT.

The Edmonton Journal earlier reported ATB’s plan to move 1,200 employees into its new corporate headquarters, noting Telus would relocate to the southern of the two towers and ATB would take over the northern edifice.

“It will all become ATB Place,” ATB president and CEO Dave Mowat said at the time. “We came to an arrangement with Telus for us to share the signage of the two buildings.”

BOMA awards

Triovest recently collected several accolades for its management expertise demonstrated at ATB Place.

The company was awarded a BOMA (Building Owners and Managers Association) Certification of Building Excellence, acknowledging the efforts of the management team led by property manager Jody Kundrik, who said the deal “was the result of significant and successful coordination efforts by all parties involved.”

Buildings recognized under the BOMA certification must “meet high standards in management, operations, environmental / energy / emergency management, design, tenant and community relations as well as tenant satisfaction and personnel training.”

Triovest was also honoured with a 2014 BOMA Property Management Team of the Year in Edmonton, in recognition of a “tenant focused, tenant-driven, high service oriented management team that consistently provides excellence in tenant services.”  The award criteria states teams must demonstrate a high level of customer service while working in the commercial real estate property management industry.

It has also recently been recognized with BOMA BESt Certificate of Achievement for its 344,255-sq.-ft open-air retail property WestHills Towne Centre located in Calgary.

Growing portfolio

Triovest is continuing to actively grow its portfolio. Effective May 1, Triovest announced it would manage the assets of “a primarily industrial portfolio of properties owned by West Island Equities Inc. part of Greystone Managed Investments Inc.

The properties, developed over the past few years by Broccolini Construction and located on the West Island of Montreal, included eight industrial and two office properties.

In March, Triovest acquired a five-acre site on Cambie Street in Vancouver in partnership with the PCI Group and a 58-acre industrial development site in Halton Hills, west of the GTA, on behalf of Canada Post Pension Fund and Hydro Quebec Pension Fund.

Triovest Realty Advisors provides investment and property management services for income properties totaling more than $7.6 billion. Self-described as “proudly Canadian” the company’s website says it is “passionate about achieving results, maximizing returns for real estate currently under our management, creating growth, providing long-term investment stability and helping clients realize their vision and working together to bring every property to its full potential through a commitment to service excellence.”

Heather Seftel-Kirk studied journalism at Algonquin College in Ottawa. She went on to work as a writer in the investment industry and obtained her licence to work as a registered…

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Heather Seftel-Kirk studied journalism at Algonquin College in Ottawa. She went on to work as a writer in the investment industry and obtained her licence to work as a registered…

Read more

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