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Announcements
Sun Life Place - Purchased
We are incredibly excited to add Sun Life Place, located at 10123 99 Street, Edmonton, to the Ironwood Portfolio. Ironwood officially acquired this property on July 24, 2024, onboarding three new staff members in the process. Watch for exciting changes coming in 2025!
Greystone Business Park - Fully Leased
Greystone Business Park is now fully leased! This property stands out by offering functional, high-quality spaces that cater to today’s tenants. Coupled with a proactive ownership and management team, this has led to a completely leased property and a satisfied group of tenants.
Tenant Appreciation - Sun Life Place
At Ironwood we place emphasis on ensuring our tenants feel valued. That's why we love giving back to them, especially when its as delicious as CURBSIDE Food Truck by A Capella Catering! On September 10th we held a building wide tenant appreciation lunch, open to all 25 floors of our tenants. It's safe to say everyone enjoyed it!
Personal Training sessions
Ironwood has partnered with SVPT Fitness & Athletics to offer complimentary personal training at the Sun Life Place Wellness Centre (10123 99st). This exclusive offer is available to all tenants in the Ironwood-owned buildings! Scan the QR code and select the Sun Life Promotional offer to access your sessions.
Team Introductions
Vanessa Treleaven, Senior Property Manager
Vanessa Treleaven is a Senior Property Manager with over 8 years of experience in office, retail, and industrial property management, having managed across Western Canada. She holds a Bachelor of Commerce from the University of Alberta and is a licensed Property Manager with RECA. She is located on the 2nd floor of Sun Life Place and always willing to meet with tenants!
Ellie Grant, Senior Property Manager
Ellie Grant is a Senior Property Manager with over 20 years of experience in the industry. She has managed a diverse portfolio of properties including office, retail, industrial, health care facilities and various government facilities in both Alberta and BC. She is a licensed property manager through RECA and is a member of various industry associations. She prides herself in building and maintaining relationships with her tenants, clients and owners. Ellie is located at the Greystone Building in Edmonton
Did you know?
Interest Rates Trending Down
At the beginning of 2024, interest rates in Canada were relatively high, with the Bank of Canada’s key overnight rate at around 4.50%. However, rates have since been gradually declining, currently sitting at approximately 4.00%. This decrease reflects the Bank's efforts to stimulate economic growth in response to shifting economic conditions, signaling a move towards a more accommodative monetary policy that seeks to balance inflation control with economic recovery.
Downtown Stabilization
As of the third quarter of 2023, downtown Edmonton's office vacancy rates were 20%. In contrast, current data from the second quarter of 2024 indicates a slight improvement, with vacancy rates decreasing to 18%. This decline suggests a recovering market as businesses adjust to post-pandemic conditions and seek out more flexible office spaces, reflecting increased leasing activity and a growing demand for modern amenities in the downtown core. The overall
trend points to a positive shift in tenant interest and occupancy rates.
Leasing Uptick
Leasing activity has increased, especially among tech and professional services companies, as many firms seek smaller, collaborative spaces that foster an agile work environment. This trend toward flexible office layouts highlights a significant shift in how businesses view their real estate needs, emphasizing adaptability, collaboration, and enhancing the employee experience.
Warehouse Park Project
Exciting changes are coming downtown, with Warehouse Campus Neighbourhood Park, planned between 106 Street and 108 Street, and Jasper Avenue to 102 Avenue. This new park will provide much-needed green space for both residents and visitors, featuring a variety of amenities such as play areas, seating, and pathways that foster community engagement and encourage outdoor activities. In addition to its recreational offerings, the park will prioritize sustainability and biodiversity, integrating eco-friendly practices into its design. This initiative underscores Edmonton's commitment to improving the quality of life in downtown by creating accessible and vibrant public spaces for everyone to enjoy.
Playwright Restaurant Now Open!
Exciting news for Sun Life Place tenants! Citadel Theatre has recently opened its doors to Playwright, a casual fine dining restaurant located on the main floor. This new culinary addition promises to enhance your visit to the theater with a delightful dining experience. Playwright features a mouthwatering lunch and dinner menu, crafted with fresh, locally sourced ingredients. Whether you're looking for a quick bite before a performance or a leisurely meal, the restaurant's inviting atmosphere and expertly prepared dishes make it the perfect destination.
