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: 9/19/2023

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.

Attachments & Media

Expand All Available Space

Suite: 300 7,799 SF $12.50 PSF (Annual) Other
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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Photograph of Listing Agent

Wayne Sato Personal Real Estate Corporation

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