Rate Reduction!! Exchange District - Office Space For Lease
Office
for Lease
| Catylist Listing ID: |
30831245 |
| Property Subtypes: |
Office Building
|
| Contiguous Space: |
7,799 SF |
| Building Size (RSF): |
7,983 SF |
| Gross Building Area: |
32,712 SF |
| Lease Rate: |
$12.50 PSF (Annual)
|
| Base Monthly Rent: |
$8,123 |
| Lease Types: |
Other |
| Ceiling: |
12 ft. |
| Building Name: |
The Northern Electric Building |
| Class of Space: |
Class D |
| Usable Size (USF): |
7,983 SF |
| Core Factor: |
1% |
| Last Updated: |
2/21/2023 |
Overview / Comments
Rate Reduction!! 140 Bannatyne offers a prominent location at the bustling intersection of Bannatyne Avenue and Rorie Street, in the centre of the vibrant East Exchange District. The East Exchange District is the ideal work, live, play space that has become a magnet for software development companies, architectural firms, and financial services. The Neighbourhood has also become a sought-after enclave for new condo and rental developments, such as Waterfront Drive. Occupants of 140 Bannatyne will enjoy a wide variety of nearby restaurants and coffee houses, and access to convenient parking directly beside the building.
The Northern Electric Building, was constructed in 1928 for Montreal based Northern electric company, which later became Nortel. At the time of its construction it introduced a modern aesthetic, which was a departure from the more expressive Romanesque Revival and Italianate styles of older surrounding warehouses. The building designed by J.O. Despatie of Montreal in association with Pratt and Ross of Winnipeg, also is of a transitional construction type that combines a fireproof steel framework with conventional wood post-and-beam interior.
Large unobstructed space featuring large post and beam construction, large windows and high ceilings. Upper floors feature an interior light well which creates a remarkable work environment. In 2010 the 4th and 5th floors were added and the entire building including electrical, HVAC, windows and elevator was upgraded to Federal Government standards. Most recently Skip the Dishes occupied almost the entire building for its administration department. The building is essentially a heritage building upgraded to meet the demands of an industry leading technology firm.
|
| Space Available: |
7,799 SF |
| Lease Rate: |
$12.50 PSF (Annual)
$8,123 (Monthly)
|
| Lease Type: |
Other |
| Date Available: |
9/17/2021 |
| Space Type: |
Relet |
| Operating Expenses |
$13.44 PSF (Annual) |
| CAM Expenses |
$7.75 PSF (Annual) |
Additional Details
| Nearest MSA: |
Winnipeg |
| Market: |
Winnipeg |
| Submarket/Township: |
9A |
| Taxing Authority: |
City of Winnipeg |
| Tax ID/APN: |
13060753500 |
| Zoning: |
C |
| Property Located Between: |
Intersection of Bannatyne & Rorie Street |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
5 |
| Typical SF / Floor: |
7,700 SF |
| Year Built: |
1928 |
| Year Renovated: |
2010 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
Surface lot. |
| Passenger Elevators: |
1 |
| Freight Elevators: |
1 |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable, T1/T3, Fiber Optic |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Winnipeg Regional Real Estate Board nor
Moody's assume any liability for errors or omissions.
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