Wood Centre 2535 3rd Ave SE 221,228 SF 88% Leased 4-Star Office Building Calgary, AB T2A 7W5 For Sale

RBC Capital Markets Real Estate Group (the “Advisor”) has been retained on an exclusive basis by institutional owners (the “Vendors”), to arrange the sale of a 100% interest in Wood Centre (the “Property”) in Calgary, Alberta. Completed in 2008, Wood Centre is an 8-storey, 91% leased, Class A office building with underground parking encompassing 221,290 square feet that enjoys a prominent location at the convergence of Deerfoot Trail, Barlow Trail and Memorial Drive in Southeast Calgary. The Property offers sweeping views of the Bow River, the Rocky Mountains and Downtown Calgary. This outstanding location receives unparalleled exposure to two of Calgary’s busiest thoroughfares, Barlow Trail and Memorial Drive, and is just a 5 minute drive to Downtown Calgary and a 15 minute drive to the Calgary International Airport. The Property is also a brief, 10 minute walk to both the Franklin LRT Station to the east and the Max Bell LRT Station to the west, providing an ideal central suburban office location for quick and efficient access throughout the City of Calgary. Beautifully designed and constructed, along with $3.4 million in recent ground floor lobby renovations, fitness centre, tenant lounge and conference centre upgrades, the building has achieved BOMA Best Gold, LEED Gold and Energy Star certifications, underscoring its incredible build quality and operational efficiencies. The Property provides a very desirable 7.1 year weighted average lease term to maturity and is anchored by the 92,177 square foot Wood Canada Engineering to November 2033. Other notable tenants include the City of Calgary (27,267 sf to June 2032), SURECALL (14,500 sf to May 2032), Emerson Electric (12,646 sf to April 2029) and Silvera for Seniors (11,075 sf to August 2035). The offering represents an outstanding opportunity to acquire a high-quality office building at an extremely attractive yield at a fraction of replacement cost, as the Calgary office market continues to rebound.